Henderson to overhaul Beesley's global equity fund

As of 2 December, the fund will be renamed the Henderson World Select fund while its investment policy will formally commit it to a typical portfolio of between 30-40 holdings. The £60m fund, run by head of global equities Beesley (pictured) since May 2012, has seen its number of holdings steadily reduce since 2008. In a letter to advisers, Henderson head of UK retail Simon Hillenbrand said the increasingly concentrated portfolio had not led to an increase in the fund's risk profile. "A concentrated portfolio can also increase risk in the portfolio. In practice, however, we have no...