Hendersons mulls fund of funds switch

Henderson Global Investors is looking at switching its five fund of funds targets to outperformance of peer group rather than benchmark. This follows a period of poor returns by several of the group's multi-manager products relative to their IMA sectors. This decision is part of a broader rethink on how the group should position its multi-manager product at a time when there are numerous new entrants to the market, such as HSBC, Skandia Investment Management, M&G and Solus. John Husselbee, director of multi-manager at Hendersons, said the group is looking at what the key differentia...