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
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
