- The Henderson European Special Situations Fund, currently managed by Richard, will be transferred to Crux’s nominated third-party authorised corporate director
- Post transfer, the Fund will continue to be managed by Richard and his team at Crux Asset Management
- Responsibility for the management of both the Henderson European Growth Fund and Henderson Horizon European Growth Fund will be given to the current co-manager Simon Rowe
Richard Pease will be leaving Henderson Global Investors to join Crux Asset Management, a new fund management company.
The Henderson European Special Situations Fund, currently managed by Richard, will be transferred by a scheme of arrangement from Henderson to Crux’s nominated third-party authorised corporate director, subject to obtaining regulatory and client approval. Post transfer, the Fund will continue to be managed by Richard and his team at Crux Asset Management.
Henderson and Crux will work closely together over the next few months to facilitate a seamless transition. Clients will be kept updated on timings and progress.
With immediate effect, responsibility for the management of both the Henderson European Growth Fund and Henderson Horizon European Growth Fund will be given to the current co-manager Simon Rowe. Simon will be supported by the wider European equities team led by John Bennett.
Richard Pease will remain an employee of Henderson until the transfer of the Henderson European Special Situations Fundis given effect and throughout that period will continue to manage the Henderson European Special Situations Fund during the transfer of the fund to Crux.
Simon Rowe has worked alongside Richard Pease since 2001, and has been instrumental in developing and managing the European Growth strategy. Simon has 20 years of investment experience and has worked at Henderson for five and a half years. Prior to that he worked with Richard at New Star and moved to Henderson as part of the acquisition in 2009.
Simon began his career as a financial journalist joining the Investors Chronicle, part of the Financial Times Group, in 1986. In 1989 Simon moved to Germany as economics editor of a Munich-based radio station. He then worked as a German equity analyst at Kleinwort Benson and subsequently at Smith New Court. From 1993 until 2001 Simon worked as a freelance management consultant and private equity advisor. He joined New Star in 2001 as a European equities fund manager. Simon graduated from Cambridge University where he attained a BA in History.
Simon is part of Henderson’s highly regarded European equities team, which is responsible for £15.4bn in assets under management and includes 21 investment specialists at 30 June 2014.