Bill McQuaker

Taken over multi-asset Open range

Joined firm in October

Bill McQuaker, head of Henderson's multi-manager team, has moved into more cyclical equities in the view outperforming defensives now look vulnerable to a correction.

Henderson Global Investors has hired a multi-asset director to expand its retail and institutional business.

Henderson Multi-Manager Diversified

Henderson Global Investors has promoted Paul O'Connor to co-head of multi-asset in a bid to raise the team's global profile.

Henderson Global Investors' head of multi-asset Bill McQuaker has urged investors not to write off gold despite the recent slump in the price of the precious metal.

Multi-asset managers have been moving back into property for the first time since the financial crisis, as higher income levels from the sector attract yield-hungry investors.

Henderson is to scrap the yield target on two of its multi-manager funds due to "dramatic changes" in the income environment", Investment Week can reveal.

Mercer's Paul O'Connor is to join Henderson as a director on its multi-asset team.