John Husselbee has left Henderson Global Investors in a raft of changes to its multi-manager strategy that sees the appointment of Bill McQuaker from Credit Suisse First Boston (CSFB).
The move casts into doubt whether Hendersons will retain the mandate for portfolio selection on two Neptune-managed funds of investment trusts.
The £61m Quilter Global Growth and £12m Global Income funds are run jointly by the managing director of Neptune Robin Geffen and Husselbee.
Geffen said that no decision about the future of the funds has been made.
Husselbee refused to rule out another role in the industry but stressed he is not planning any immediate moves.
His departure will coincide with a shift of focus towards a managed solutions approach, with the multi-manager products giving investors exposure to commodities, hedge funds and property as they make use of Ucits III powers.
Husselbee will leave the group in the middle of June following a handover period to McQuaker, former head of quants at CSFB. The latter will inherit the title of director of multi-manager and be responsible for implementing the new approach.
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