Wednesday 2 February 2011

Henderson Shuffle the deck

Following the acquisition of Gartmore, the task of re-arranging the chairs has begun.  This is no easy task as both Henderson and Gartmore have some excellent Fund Managers, many of whom are well known within the industry as "Star Managers".

In these more judious times, names are not drawn from a hat (not that you ever thought they were) - rather an attempt to find the best fit of style and culture and of course "va va voom". 2011 brings with it many challenges and as a frequent dog walker in Richmond Park, the similarity between the current deer cull and the inevitability of a cull at a firm where there are now "too many chiefs" has resulted in the first set of redundancies. In this instance it is the Multi-Manager fund managers Mark Harris and Craig Heron who have left Henderson.

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