Henderson to overhaul Beesley's global equity fund

Henderson is to change the investment policy of Matthew Beesley's International fund as well as renaming the vehicle to reflect its more concentrated investment approach.

As of 2 December, the fund will be renamed the Henderson World Select fund while its investment policy will formally commit it to a typical portfolio of between 30-40 holdings. The £60m fund, run by head of global equities Beesley (pictured) since May 2012, has seen its number of holdings steadily reduce since 2008. The fund will swell by almost £100m this November as Beesley's Global Focus fund is merged into the portfolio. In a letter to advisers, Henderson head of UK retail Simon Hillenbrand said the increasingly concentrated International portfolio had not led to an increase in...