Janus Henderson changes manager on US Growth fund to 'revitalise performance'

Effective from 11 December

Janus Henderson is to replace the managers of the £235m Henderson US Growth fund with two managers running existing Janus strategies, after two years of "disappointing relative performance" on the vehicle.

Doug Rao and Nick Schommer, both of whom are based in the group's Denver office, will take over management of the fund from Derek Pawlak, Michelle Picard and Scott Priebe on 11 December. In a letter to advisers, the group said the change is in "clients' best interests" as Rao and Schommer's expertise running US equity strategies would be a "stronger fit for the fund, as well as affording more immediate access to the large equity research team based in Denver" as the current managers are based at the group's Geneva Capital Management business in Milwaukee. The pair already manage the $...