CHICAGO, March 16, 2012 /PRNewswire/ -- Henderson Global Investors (North America) Inc. announced that effective April 2, 2012, Iain Clark is stepping down from the daily management and operations of the International Opportunities Fund (Tickers: HFOAX, HFOBX, HFOCX, HFOIX, HFORX). He will remain as an advisor to the Fund through year-end 2012 to provide historical reference and guidance and to effect an orderly transition.
Stephen Peak, Director of International Equities at Henderson Global Investors and a member of the portfolio management team of the International Opportunities Fund since its inception in August 2001, will become the Lead Portfolio Manager of the Fund effective April 2. He is also the Lead Portfolio Manager for the Henderson European Focus Fund (HFEAX, HFEBX, HFECX, HFEIX).
Bill McQuaker, who has been an Asset Allocation Strategist on the International Opportunities Fund with Iain Clark since 2006, will continue as the Asset Allocation Strategist of the Fund.
"Bill and Stephen represent two of the best investment minds at Henderson," said Iain Clark. "Bill has over two decades of top-down allocation expertise, including six years on this Fund, and Stephen is widely regarded as one of the most knowledgeable portfolio managers in the industry."
The International Opportunities Fund is one of Henderson's largest retail funds, with $2.6 billion in assets as of December 31, 2011. The Fund uses a multi-manager approach, with five portfolio management teams focused on specific areas of sector or geographical expertise. Between them, the Fund's portfolio managers have an average of 23 years of investment management experience and manage over $18 billion in assets for Henderson Global Investors.
"We are grateful to Iain for his significant contributions over his distinguished career at Henderson," said Andrew Formica, Chief Executive of Henderson Group plc. "Stephen and Bill have worked closely with Iain for many years and we are confident that their collaboration, combined with the team approach of the Fund, will ensure a seamless transition for our clients."
Mr. Peak added, "I am excited to expand my role at Henderson with this particular Fund and to continue to work with one of the industry's leading fund management teams to deliver competitive, long-term performance for our clients. The International Opportunities Fund offers a differentiated strategy for investors who are looking to diversify their portfolios and gain exposure to long-term growth opportunities."
Mr. Peak, Director of International Equities, joined Henderson in 1992. He has over 37 years of experience in investment management and research and a broad range of investment experience within the American, European, Japanese and Far East markets. He previously served as Fund Manager at Norwich Union Insurance Group, Global Equity Fund Manager at ADIG Investments, Overseas Fund Manager at Cornhill Insurance Group, and Director and Head of the Investment Department at Touche Remnant & Co. before it was acquired by Henderson Global Investors in 1992.
Mr. McQuaker, Head of Multi-Asset, has more than 26 years of experience in the investment management industry and is responsible for equity assets covering all regions. He is Henderson's resident asset allocation expert, directing the Henderson Multi-Asset lineup as well as various hedge and institutional funds. McQuaker was recently awarded the Multi-Asset Manager of the Year Award by The UK Pensions Awards 2011 (run by Professional Pensions). He will continue to oversee the International Opportunities Fund's strategic allocation of its assets among countries, regions and sectors.
About Henderson Global Investors
Henderson Global Investors (North America) Inc. ("Henderson") is the US subsidiary of Henderson Group, the holding company of the investment management group Henderson Global Investors, a London-based global investment management firm established in 1934. With $99.9 billion in assets under management as of December 31, 2011, offices in 16 countries and around 1000 employees worldwide, Henderson Global Investors follows a client-led philosophy while providing its institutional, retail and high net worth clients with access to skilled investment professionals representing a broad range of asset classes.
Since 2001, Henderson has been offering US investors the opportunity to "own a piece of the world" through its family of globally focused mutual funds. Henderson follows a differentiated, opportunistic investment philosophy combining local knowledge with worldwide reach. For more information, visit www.hendersonglobalinvestors.com.
James Doyle, JCPR
973.850.7308 / [email protected]
Alanna Nensel, Henderson Global Investors (North America) Inc.
312.915.9124 / [email protected]
Henderson Global Investors received the 2011 UK Pension Award for Multi-Asset Manager of the Year. The overall aim of the award is to recognize providers that offer the highest level of innovation, performance and service to occupational pension schemes and their members - and have done the most to improve this level of performance and service over the past year (the 12 months to October 31, 2011).
International and emerging markets investing involves certain risks and increased volatility not associated with investing solely in the US. These risks included currency fluctuations, economic or financial instability, lack of timely or reliable financial information or unfavorable political or legal developments. The Fund may invest in securities issued by smaller companies which typically involves greater risk than investing in larger companies. Also, the Fund may invest in limited geographic areas and/or sectors which may result in greater market volatility. In addition, the Fund may invest in derivatives. Derivatives involve special risks different from, and potentially greater than, the risks associated with investing directly in securities and may result in greater losses.
One should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and other important information is available in the Fund's prospectus and summary prospectus which are available at www.hendersonglobalinvestors.com, by calling 1.866.443.6337 or by contacting your financial advisor. Please read the prospectus and summary prospectus carefully before investing.
Foreside Fund Services, LLC, distributor (3/12) HGF-19902-12
SOURCE Henderson Global Investors (North America) Inc.