Henderson European Special Situations - Under Review

FUND RESEARCH UPDATE: Fund rating moved to Under Review

Ruli Viljoen 15 October, 2014 | 4:15PM
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Following the announcement that Richard Pease will be leaving Henderson Global Investors for Crux Asset Management, and that the Henderson European Special Situations fund will be moved to Crux through a transfer scheme (pending regulatory and shareholder approval), we have placed the Morningstar OBSR Analyst Rating™ of the fund Under Review. The fund previously held a Silver rating. James Milne, who has worked alongside Mr Pease since 2006, will also be leaving Henderson for Crux. While we think highly of Mr Pease, his extensive experience and proven investment ability, the uncertainty surrounding a start-up asset management firm warrants some caution and the fund is Under Review as we gain further clarity on the future parent.

See the latest Morningstar OBSR fund rating news here.

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About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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