Richard Pease quits Henderson to set up new firm

clock

Henderson director of European equities Richard Pease is leaving the firm to join new venture Crux Asset Management, taking his £1.1bn European Special Situations fund with him.

Pease, who helped to set up New Star Asset Management in 2001, manages more than £2bn for Henderson, including the European Special Sits fund which he brought with him when the firm bought New Star in 2009. The fund will now transfer to Crux, a move the new firm says will not result in a capital gains tax charge for investors. Pease will remain with Henderson in the coming months to ensure an orderly transition. Henderson's James Milne, co-manager of European Special Sits, will also be moving to Crux as a result of the deal. The firm will also recruit an analyst in the coming months t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Equities

Net gains: What a tennis great can tell us about equity investing

Net gains: What a tennis great can tell us about equity investing

'When you lose every second point you learn not to dwell on every shot'

Sheldon MacDonald
clock 16 September 2024 • 4 min read
Partner Insight: Value and growth investing in the age of AI

Partner Insight: Value and growth investing in the age of AI

Vanguard combines the expertise of active equity fund managers with distinct investment strategies. This can provide a balanced approach to AI opportunities.

Madison McCall, Active Product Specialist, Vanguard, Europe
clock 10 September 2024 • 7 min read
Partner Insight: Have banking stocks been flying under the radar?

Partner Insight: Have banking stocks been flying under the radar?

Orbis Investments
clock 04 July 2024 • 3 min read