Henderson soft-closes Credit Alpha fund

Henderson has soft-closed the near £1bn Henderson Credit Alpha fund due to liquidity constraints.

An initial charge of 2% was introduced on all investments from new clients on 18 November, the group said, following a climb in AUM to £869m. The group said it always intended to close the fund around the £1bn mark. The capacity of the fund, which is managed by Stephen Thariyan, Chris Bullock and Tom Ross, has been under discussion with clients continuously since its launch in 2007, Henderson added in a statement. "The main issue driving the capacity constraint is liquidity," the statement said. "The move to ‘soft close' the fund is being made in order to protect the interests of exis...