Henderson Global Investors (North America) announced earlier this month the launch of the Henderson International Long/Short Equity Fund. The Fund seeks to achieve long-term capital appreciation primarily through investment in equities of non-US companies and will be fully hedged back to the US dollar.
“The Fund’s value-add stems from our ‘best ideas’ approach to stock selection combined with an unconstrained strategy to invest in all types of equity-related securities,” said Chuck Thompson, Head of North American Distribution at Henderson Global Investors. “This Fund continues Henderson’s tradition of offering US investors differentiated products as it is the first of its kind – the only existing, international long/short ‘stock picking’ fund within its Morningstar category.”
The Fund includes four regional sub-portfolios with a fundamental, bottom-up approach to stock selection and will generally consist of a total of 60-70 positions. The sub-portfolios include Europe, UK, Japan and Asia and are managed by Stephen Peak, Neil Hermon, Vincent Musumeci and Andrew Gillan/Andrew Mattock, respectively.
Our seasoned team includes Stephen Peak, Director of International Equities, and Steve Johnstone, Portfolio Manager who are co-lead portfolio managers of the Fund. In addition to overall management of the Fund, Stephen Peak will be responsible for managing the Europe sub-portfolio while Steve Johnstone will be responsible for the top-down overlay and quantitative risk management of the Fund’s overall portfolio. Fund assets are allocated to sub-portfolio managers who have significant experience with respect to long/short and/or to a geographic region or sector. The Fund has the ability to invest in derivatives for optimal net exposure and risk management.