Ian Dickson, long-serving manager of the AAA-rated Henderson Preference and Bond fund, is to retir...
Ian Dickson, long-serving manager of the AAA-rated Henderson Preference and Bond fund, is to retire in July.
Dickson has managed the fund since joining the group in 1981 and was the unit trust and Oeic industry's ninth longest serving fund manager at the start of last year, behind names like Nils Taube, Anthony Bolton and Hendersons colleagues John Botham and Michael Wood-Martin.
John Pattullo, who joined Henderson in October 1997, has officially taken over the role as named manager of the £320m fund, which invests in a mixture of investment grade and sub-investment grade corporate bonds, preference shares and convertibles.
The mandate of the Preference and Bond fund will remain identical. Pattullo took control of the fund's high yield exposure in 1998 and was given responsibility for an increasing number of asset classes over the fourth quarter of 2001 before officially assuming full control last week.
He said: 'From 1998 onwards, I managed the 10% portion of the fund invested in high yield. Last October, I took on the corporate bond element and in December, I also took over preference shares and convertibles.'
Until retirement, Dickson will be covering for Mhairi Mackelworth, manager of Henderson Long Dated Corporate Bond and a number of pension funds, while she is absent on maternity leave, as well as continuing to work closely with Pattullo.
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