Henderson and Crux set date for Pease move

Investors in Richard Pease's Henderson European Special Situations fund are to vote on its transfer to Crux Asset Management on 28 May, with the manager himself moving over at the start of June.

Henderson will write to investors in Pease's £1.1bn fund to inform them of the timeline for the move, following the October 2014 announcement of the manager's departure. Investors in the fund will vote on the transfer on 28 May, ahead of a one-for-one merger of the portfolio into the FP European Crux Special Situations fund on Thursday 4 June. Pease (pictured) and co-manager James Milne will then leave Henderson on 5 June and begin their new roles at Crux on Monday 8 June. Crux is also close to hiring an analyst to support the pair in the running of the fund. Subject to sharehol...