Henderson New Star

The year of the corporate bond fund has been a tug of war between duration risk and systemic risk

Henderson New Star multi-managers Mark Harris and Craig Heron have made an initial investment of over £20m in the £101m GLG UK Select fund.

Henderson New Star has appointed Ainslie McLennan to work alongside Marcus Langlands Pearse on the £635m New Star UK Property fund.

Henderson New Star will launch its European Special Situations fund for Richard Pease on 1 October.

Inflows into IMA Cautious Managed sector are returning as investors look to increase exposure to equities through lower-risk strategies

Henderson New Star has received FSA and unitholder approval for the merger of a number of funds in the New Star UK equity range.

Redemptions from the New Star fund range slowed significantly in the months following its takeover by Henderson, with the group noting just a £200m net outflow from April to June.

Signs of economic recovery will create an attractive investment environment for high yield corporate bonds, Henderson New Star's James Gledhill says.

On a local currency basis, the FTSE World Europe ex UK Total Return Index has outperformed the S&P 500 Total Return Index since the March 2009 lows, reflecting the fact that European markets tend to be more sensitive to global growth.

Profitability at the UK's major banks over the next three years may be sufficient to cover impairment charges and even allow for some addition to capital, effectively ruling out any future need for Government bail-outs, Henderson's Simon Ward says.