Henderson prepares to cut more jobs and downsize fund range

Henderson Global Investors is set to announce a fresh round of job cuts before the end of the year, Investment Week understands, as the FTSE 250-listed asset manager embarks on a further cost-cutting drive.

Employees at Henderson have been placed under consultation, with job cuts likely across the group’s 243-strong investment team, and other areas of the business, including IT and operations. In the New Year, the group is also looking to close a number of non-core funds as it prepares itself for the post-RDR world. Henderson will retain a focus on active management within its core product range, including Europe, equity income, fixed interest, multi-asset and multi-manager vehicles. But some of the group’s non-core funds, including UK Equity, Emerging Markets and Latin America, could...