Henderson sees its assets grow by 5pc

first_img KCS-content Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times FUND management group Henderson saw its assets under management rise five per cent over the third quarter of the year due to market and foreign exchange gains, despite cautious investors pulling a net £100m out of the firm’s funds.Assets under management grew £2.8bn to a total of £59.2bn over the quarter, pulling them up again past levels last seen at the beginning of the year. Henderson said that favourable currency and market movements of £3.1bn had been offset by the £100m of net outflows and the transfer of its £200m International Property Fund over to Aviva Investors.Henderson chief executive Andrew Formica warned “the risk appetite of both retail and institutional investors remains low, driven by poor economic news and volatile, albeit improving, equity markets”.Henderson’s lower-margin institutional business recorded net inflows of £200m, boosted by a strong performance in fixed income products, though that was counteracted by redemptions of £200m from the New Star Institutional Managers arm.Within higher-margin products, most of the flows came into the Horizon range, though investment trusts saw £200m of outflows.The group said its investment performance remained solid, with 67 and 65 per cent of equity and fixed income products respectively outperforming over a one-year period. The Horizon funds remained Henderson’s star performer, reflected in its inflows, with 89 per cent of assets outperforming over one year. Hedge fund performance was disappointing over the year at just 35 per cent. Show Comments ▼ Henderson sees its assets grow by 5pc center_img Thursday 21 October 2010 7:42 pm Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp whatsapp Tags: NULLlast_img read more