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Henderson Group

Global investment manager


Summary

Global investment manager

FieldValue
nameHenderson Group plc
logoHenderson Group plc.png
logo_size200px
imageShoreditch High Street - Looking Towards Norton Folgate - geograph.org.uk - 1163494.jpg
image_captionHenderson Group head office at 201 Bishopsgate, London
typePublic company
traded_as,
foundation1934
locationLondon
key_peopleRichard Gillingwater, chairman
Andrew Formica, Chief executive
industryInvestment Management
productsEquities, fixed income, property, private equity
revenue£738.0 million (2016)
operating_income£212.7 million (2016)
net_income£109.6 million (2016)
num_employeesc. 1,000 (2017)
homepage

Andrew Formica, Chief executive

Henderson Group plc was a global investment management company with its principal place of business in the City of London. It merged with Janus Capital Group in May 2017 to create Janus Henderson.

History

The company was established in 1934 to administer the estates of Alexander Henderson, 1st Baron Faringdon. In 1975, it started managing pension funds. It was first listed on the London Stock Exchange in 1983.

In March 1998, it was bought by AMP Limited (and subsequently integrated with AMP Asset Management's operations in the UK and Australasia as Henderson Global Investors.)

On demerger from AMP and re-listing as HHG Group in 2003, the group comprised Henderson Global Investors (a UK-based investment manager), Life Services (comprising the life and pension books of Pearl Assurance, NPI, National Provident Life, London Life Association, and HHG Services) and the financial advisory firm, Towry Law. AMP Limited sold its remaining 15% stake in the Company in 2005.

Between 2008 and 2012, the group was tax-resident in the Republic of Ireland. With effect from 12 December 2012, the group changed its tax residency from the Republic of Ireland to the UK by means of a corporate restructuring.

Henderson New Star was established in April 2009 when Henderson Group acquired New Star Asset Management and rebranded its UK retail business. Henderson New Star was rebranded Henderson Global Investors in April 2010.

It manages a various funds with particular strengths in equities, fixed income, commercial property, multi-manager and sustainable and responsible investing (SRI).

Its fund managers included Bill McQuaker, Richard Pease, John Pattullo and James Gledhill. In 2010, the company phased out the New Star name, and in 2014, the company rolled out a new brand identity.

In May 2017, the company completed a merger with Janus Capital Group to form Janus Henderson. Acquisitions and sales

TransactionDate
Acquisition of Touche Remnant from Société Générale1992
Sale of 50% stake in Virgin Money Group to joint venture partner Virgin Group2004
Sale of Life Services business2005
Sale of Towry Law, the financial advisory business2006
Acquisition of New Star Asset Management Group PLCApril 2009
Acquisition of Gartmore Group Limited, giving a combined estimated AUM of £78.1bn asApril 2011

Operations

The company invests in four primary asset classes: equities, fixed income, property and private equity. Its institutional product range also includes several hedge funds (under the Alphagen name).

References

References

  1. "The call that put Henderson's high-flyer behind the controls". [[The Times]].
  2. "Annual Results 2016". Henderson Group.
  3. "Overview". Henderson.
  4. "Henderson Group History".
  5. (4 February 1998). "Australia's AMP to Acquire Henderson for $626.1 Million". Wall Street Journal.
  6. (23 December 2003). "Business – Troubled insurance group debuts". BBC.
  7. (6 September 2005). "AMP sells the last of Henderson stake". The Sydney Morning Herald.
  8. (28 August 2008). "Business – Henderson to leave UK tax regime". BBC.
  9. (13 December 2012). "Henderson moves tax residence back to UK". The Daily Telegraph.
  10. [http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5616737.ece Henderson buys New Star for £115m] {{Webarchive. link. (2011-06-12 The Times)
  11. (12 March 2010). "New Star name to disappear in Henderson shake-up".
  12. "Welcome to Henderson".
  13. (30 January 2009). "Daily Telegraph article: New Star: What Henderson's takeover means for fund holders".
  14. Emma Wall. (12 March 2010). "New Star name to disappear in Henderson shake-up". The Daily Telegraph.
  15. Henderson Global Investors. (21 January 2014). "Henderson Rolls Out Global Rebrand".
  16. (30 May 2017). "Janus Henderson mega-merger completes". City Wire.
  17. (8 December 1992). "Henderson pays pounds 42.5m for Touche Remnant".
  18. (29 April 2004). "HHG divestment strategy opens with Virgin sale". The Age.
  19. (11 December 2004). "AMP wins as UK spin-off sells life funds for $2.6bn". The Sydney Morning Herald.
  20. "UK Business Park – B2B Sales Leads & Company News". ukbusinesspark.co.uk.
  21. "Henderson buys New Star for £115m". [[The Times]].
  22. "Henderson confirms Gartmore takeover". moneyobserver.com.
  23. "About the author – Money Moves Markets". moneymovesmarkets.com.
  24. "Fund factsheets – Henderson AlphaGen Capella Fund Overview – Henderson Global Investors Ltd – Offshore Mutual – FE Trustnet Offshore". trustnetoffshore.com.
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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