Henderson has merged the New Star European Growth offshore Oeic into the Henderson Horizon Sicav and renamed the vehicle Henderson Horizon European Growth fund.
The €92.5m (£76m) portfolio is run by Richard Pease and Simon Rowe, using an investment process looking for quality businesses on attractive valuations. Pease says: "In these markets it is important to us as fund managers to ignore the market noise and concentrate on good companies. Many investors overlook the fact that the travails of the last few years have forced efficiencies across many companies and it is only fair that shareholders should now benefit. "Paradoxically, gloomy headlines regarding belt-tightening and possible economic slowdown play into the hands of companies as emp...
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