Henderson AUM drops by 16%

The group experienced net outflows of £800m across its higher margin range of investment trusts, horizon funds and wholesale funds in the UK and US. The losses also relate to the asset manager's hedge funds, and property portfolios in Europe and the US, as well as private equity and structured products. Henderson Group attributed the drop in AUM to net fund inflows of £2.9bn, predominantly into its institutional and property divisions, which were offset by net fund outflows of £6.7bn from Pearl. This was worsened by unfavourable market and foreign exchange movements of £5.9bn. The resul...