Henderson Global Investors is preparing to merge away three underperforming funds in November 2013 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 £921 million European Growth fund.
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The firm is also proposing the merger of two funds run by Matthew Beesley, with the £96.7 million Henderson Global Focus fund being merged into the better performing £60.9 million Henderson International fund.
Meanwhile, the £17.3 million Henderson UK Strategic Income fund, run by Paul Craig, is set to be merged into the £1.4m Henderson Core 5 Income fund, which was launched in September 2012 to be managed by the firm’s multi-asset team.
The changes are effective from 14 November 2013, and subject to regulatory and unitholder approval.
The move follows several rounds of rationalisations of Henderson’s fund range following its acquisitions of Gartmore and New Star in recent years.
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