Henderson assets fall to £60bn after fund transfers

Henderson Global Investors has revealed assets under management (AUM) fell £1.2bn in the Q1 of this year following the transfer of cash funds to DB Advisors.

The group, which completed the purchase of rival Gartmore last month, said AUM had fallen to £60.5bn in the three months to end of March, driven primarily by its transfer of the £1.5bn Henderson Liquid Asset fund to DB Advisors. Elsewhere the group saw inflows of £285m into its UK OEIC range, and a further £39m into its investment trust range, with a total of £347m going into the group's retail offering. Meanwhile, Henderson's offshore Horizon fund range saw inflows drop off following the earthquake in Japan, with net inflows of £53m. The group said, including Gartmore, total asset...