Janus Henderson is to replace the managers of the £235m Henderson US Growth fund with two managers running existing Janus strategies, after two years of "disappointing relative performance" on the vehicle.
Doug Rao and Nick Schommer, both of whom are based in the group's Denver office, will take over management of the fund from Derek Pawlak, Michelle Picard and Scott Priebe on 11 December. In a letter...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum