Henderson merges away trio of funds

Henderson Global Investors is preparing to merge away three portfolios as it continues to streamline its fund range.

The £65m Henderson European Smaller Companies fund, run by the European equities team, will merge into Richard Pease's (pictured) £921m European Growth fund in November. Matthew Beesley's £96m Global Focus fund will merge into his £60m International fund. Henderson said the reason for the merger is that the two funds have similar mandates. Meanwhile, the UK Strategic Income fund will merge into Bill McQuaker's Core 5 Income fund. The changes are effective from 14 November and subject to regulatory and unitholder approval. The UK Strategic Income fund, managed by Paul Craig, was ori...