Henderson’s footprint strengthens
International asset manager, Henderson Global Investors, has celebrated its first anniversary since acquiring Perennial Fixed Interest and Perennial Growth Management in Australia.
The acquisitions added $11 billion to Henderson Australia's assets under management (AUM), and now Henderson's total AUM in Australia was around $17 billion, the fund manager said.
Henderson's Pan Asia executive chairman, Rod Adams, said: "The acquisitions in November 2015 brought forward Henderson Group's strategy to grow and globalise its business, providing a better platform for better growth for our Australian business".
Despite the challenging market conditions, both retail and institutional flows across all investments were strong, Adams said.
The majority of funds bought also continued to outperform their respective benchmarks, and that was critical to realising growth over the medium to long-term, Adams said.
Henderson Australia now provided a range of Australian fixed interest, Australian equity, absolute return, global fixed interest, and global equity solutions to Australians, the manager said.
Adams said key client relationships had been maintained and that both businesses were performing well and poised for further growth. That was further bolstered by their broad distribution reach.
"We've been pleased that strong ratings have been maintained from both asset consultants and research houses."
Recommended for you
The role of alternative investments is to diversify a portfolio and capture differentiated sources of return, according to UBS Asset Management.
Private investment opportunities are moving up on the list of what investors want from their financial advisers, according to Natixis IM, and over half of firms say they are offering them more strategies.
Two asset managers have each expanded their product suite with the launch of new global equity funds for Australian investors.
Perpetual has confirmed it is in exclusive talks with global investment company KKR regarding an acquisition of its corporate trust and wealth management businesses.
