Henderson merges away trio of funds

The £65m Henderson European Smaller Companies fund, run by the European equities team, will merge into Richard Pease's (pictured) £921m European Growth fund in November. Matthew Beesley's £96m Global Focus fund will merge into his £60m International fund. Henderson said the reason for the merger is that the two funds have similar mandates and objectives. Meanwhile, the UK Strategic Income fund will merge into Bill McQuaker's Core 5 Income fund. The changes are effective from 14 November and subject to regulatory and unitholder approval. The UK Strategic Income fund, managed by Paul...