Last updated: 06:25 / Friday, 3 October 2014
AUMs of US$5.4bn

Henderson Global Investors Completes Purchase of Geneva Capital Management

Henderson Global Investors Completes Purchase of Geneva Capital Management

Further to the announcement on June 30, 2014, Henderson Global Investors has completed the acquisition of Geneva Capital Management. Founded 
in 1987, Geneva has assets under management (AUM) of $5.4 billion in US growth equities.

This is an important strategic milestone in the development of Henderson’s North American business, adding US equity investment capabilities and extending its US institutional client base. Clients representing over 90% of Geneva’s AUM have agreed to the transaction.

Geneva’s long track record managing US growth equities, underpinned by a disciplined and consistent investment process, fills an important capability gap for Henderson.

The transaction doubles Henderson’s number of US-based investment professionals and quadruples Henderson’s US institutional AUM to around $8 billion. It also brings proven institutional distribution capabilities to complement Henderson’s successful retail franchise, creating a well-balanced client base, split broadly equally between retail and institutional.

Geneva will continue to employ the same rigorous investment philosophy and process that has been in place since 1987. Its commitment to high quality investment strategy and attention to client service will remain unchanged, and it will continue to operate from Milwaukee, Wisconsin.

Nicholas Bauer, responsible for Geneva’s distribution, will now head US Institutional Distribution as part of an integrated team reporting to Chuck Thompson, Head of North American Distribution. Nicholas’s extensive institutional experience will be an excellent complement to Henderson’s growing North American distribution network.

Andrew Formica, Chief Executive of Henderson, said: “The acquisition of Geneva supports our growth ambitions as a global asset manager. It increases our assets under management in the US by approximately 50%, adds investment management expertise in US equities and extends our US institutional client base.

“Clients of both Henderson and Geneva will benefit by gaining access to a wider investment universe while being supported by the resources of a global pure play asset manager.”

Henderson’s North American business continues to grow rapidly, doubling its AUM since 2011. Its Henderson Global Funds mutual funds family reached $10 billion in AUM for the first time in May 2014.