Richard Pease quits Henderson to set up new firm

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...