Henderson Group

Last updated

Henderson Group plc
Company typePublic company
LSE:  HGG, ASX:  JHG
Industry Investment Management
Founded1934
HeadquartersLondon
Key people
 Richard Gillingwater, chairman
Andrew Formica, Chief executive [1]
ProductsEquities, fixed income, property, private equity
Revenue £738.0 million (2016) [2]
£212.7 million (2016) [2]
£109.6 million (2016) [2]
Number of employees
c. 1,000 (2017) [3]
Website henderson.com

Henderson Group plc was a global investment management company with its principal place of business in the City of London. It merged with Janus Capital Group in May 2017 to create Janus Henderson.

Contents

History

The Company was established in 1934 to administer the estates of Alexander Henderson, 1st Baron Faringdon. [4] In 1975, it started managing pension funds. [4] It was first listed on the London Stock Exchange in 1983. [4]

In March 1998, it was bought by AMP Limited (and subsequently integrated with AMP Asset Management's operations in the UK and Australasia as Henderson Global Investors.) [5]

On demerger from AMP and re-listing as HHG Group in 2003, the group comprised Henderson Global Investors (a UK-based investment manager), Life Services (comprising the life and pension books of Pearl Assurance, NPI, National Provident Life, London Life Association, and HHG Services) and the financial advisory firm, Towry Law. [6] AMP Limited sold its remaining 15% stake in the Company in 2005. [7]

Between 2008 and 2012, the Group was tax-resident in the Republic of Ireland. [8] With effect from 12 December 2012, the Group changed its tax residency from the Republic of Ireland to the UK by means of a corporate restructuring. [9]

Henderson New Star was established in April 2009 when Henderson Group acquired New Star Asset Management and rebranded its UK retail business. [10] Henderson New Star was rebranded Henderson Global Investors in April 2010. [11]

It manages a various funds with particular strengths in equities, fixed income, commercial property, multi-manager and sustainable and responsible investing (SRI). [12]

Its fund managers included Bill McQuaker, Richard Pease, John Pattullo and James Gledhill. [13] In 2010, the company phased out the New Star name, [14] and in 2014, the company rolled out a new brand identity. [15]

In May 2017, the company completed a merger with Janus Capital Group to form Janus Henderson. [16]

Henderson Group head office at 201 Bishopsgate, London Shoreditch High Street - Looking Towards Norton Folgate - geograph.org.uk - 1163494.jpg
Henderson Group head office at 201 Bishopsgate, London

Acquisitions and sales

TransactionDate
Acquisition of Touche Remnant from Société Générale [17] 1992
Sale of 50% stake in Virgin Money Group to joint venture partner Virgin Group [18] 2004
Sale of Life Services business [19] 2005
Sale of Towry Law, the financial advisory business [20] 2006
Acquisition of New Star Asset Management Group PLC [21] April 2009
Acquisition of Gartmore Group Limited, giving a combined estimated AUM of £78.1bn as

at 31 December 2010 [22]

April 2011

Operations

The company invests in four primary asset classes: equities, fixed income, property and private equity. [23] Its institutional product range also includes several hedge funds (under the Alphagen name). [24]

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References

  1. ↑ "The call that put Henderson's high-flyer behind the controls". The Times. Retrieved 28 March 2015.
  2. 1 2 3 "Annual Results 2016" (PDF). Henderson Group. Retrieved 22 April 2017.
  3. ↑ "Overview". Henderson. Retrieved 22 April 2017.
  4. 1 2 3 "Henderson Group History". Archived from the original on 31 January 2010. Retrieved 14 September 2008.
  5. ↑ "Australia's AMP to Acquire Henderson for $626.1 Million". Wall Street Journal. 4 February 1998. Retrieved 20 June 2023.
  6. ↑ "Business – Troubled insurance group debuts". BBC. 23 December 2003. Retrieved 28 March 2015.
  7. ↑ "AMP sells the last of Henderson stake". The Sydney Morning Herald. 6 September 2005. Retrieved 28 March 2015.
  8. ↑ "Business – Henderson to leave UK tax regime". BBC. 28 August 2008. Retrieved 28 March 2015.
  9. ↑ "Henderson moves tax residence back to UK". The Daily Telegraph. 13 December 2012. Retrieved 28 March 2015.
  10. ↑ Henderson buys New Star for £115m Archived 2011-06-12 at the Wayback Machine The Times
  11. ↑ "New Star name to disappear in Henderson shake-up". Archived from the original on 14 June 2018. Retrieved 2 April 2018.
  12. ↑ "Welcome to Henderson". Archived from the original on 28 August 2008. Retrieved 21 August 2009.
  13. ↑ "Daily Telegraph article: New Star: What Henderson's takeover means for fund holders". Archived from the original on 17 March 2016. Retrieved 2 April 2018.
  14. ↑ Emma Wall (12 March 2010). "New Star name to disappear in Henderson shake-up". The Daily Telegraph. Retrieved 28 March 2015.
  15. ↑ Henderson Global Investors (21 January 2014). "Henderson Rolls Out Global Rebrand" (Press release). PR Newswire. Retrieved 28 March 2015.
  16. ↑ "Janus Henderson mega-merger completes". City Wire. 30 May 2017. Retrieved 1 June 2017.
  17. ↑ Durman, Paul (8 December 1992). "Henderson pays pounds 42.5m for Touche Remnant". The Independent. Retrieved 6 November 2017.
  18. ↑ "HHG divestment strategy opens with Virgin sale". The Age. 29 April 2004. Retrieved 28 March 2015.
  19. ↑ "AMP wins as UK spin-off sells life funds for $2.6bn". The Sydney Morning Herald. 11 December 2004. Retrieved 28 March 2015.
  20. ↑ "UK Business Park – B2B Sales Leads & Company News". ukbusinesspark.co.uk. Archived from the original on 10 January 2015. Retrieved 28 March 2015.
  21. ↑ "Henderson buys New Star for £115m". The Times. Archived from the original on 12 June 2011. Retrieved 28 March 2015.
  22. ↑ "Henderson confirms Gartmore takeover". moneyobserver.com. Archived from the original on 20 April 2012. Retrieved 28 March 2015.
  23. ↑ "About the author – Money Moves Markets". moneymovesmarkets.com. Retrieved 28 March 2015.
  24. ↑ "Fund factsheets – Henderson AlphaGen Capella Fund Overview – Henderson Global Investors Ltd – Offshore Mutual – FE Trustnet Offshore". trustnetoffshore.com. Retrieved 28 March 2015.
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