Henderson unfazed by Peak funds fall

Two of Henderson's hedge funds managed by Stephen Peak tumbled in June. The Henderson European Absolute Return fund fell 9.07% for one month to 22 June 2005 and the UK Equity Long/Short fund fell 5.81%, according to Bloomberg statistics. While Peak's UK fund fell, Henderson's UK Fundamental Long/Short fund, managed by Alex Crooke and James Henderson, was up 2.13%. Stuart Macdonald, the head of hedge funds at Henderson, said: "Peak has not lost his touch. This was a stock-specific call - Regal Petroleum - that resulted in a loss in both funds. The loss was largely recovered as one fun...