Winner ShortliSt - Henderson Global Investors

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38 UK Pensions Awards 2011 www.professionalpensions.com Multi-Asset Manager of the Year Extract from original submission In response to a growing need from pension schemes for vehicles that provide attractive equity like returns with lower than equity market volatility, Henderson launched its Diversified Growth Fund in July 2010. The fund is designed to have significant exposure to true alternative assets (38.6% at 29.10.2010) – with the alternatives allocation providing clients with exposure to various types of hedge funds, private equity, property, commodities and secured loans, which can lead to lower volatility. Henderson has been managing Diversified Growth strategies on a segregated basis since 2007, which coincided with one of the toughest periods for asset allocation driven strategies for more than 30 years. Despite this, it returned 9.6% over the 12 months to October 2010* and 24.1% since inception of the strategy**, over a variety of market conditions – both bull and bear markets. It is proud of the fact it has protected capital when markets have been extremely difficult but has also made money when they have recovered – outperforming a range of asset classes. Henderson believes transparency and clear risk analysis is an Judge’s comment “Best explanation of risk mitigation” Contact details Henderson Global Investors 201 Bishopsgate London EC2M 3AE Tel: 020 7818 5872 Email: european.institutional@henderson.com www.henderson.com important client requirement and, during 2010, adopted a new risk system with the ability to accurately monitor the risk profile of the diversified growth strategy and specifically to meet these demands. The system helps Henderson’s fund managers and risk team by offering risk budgeting, portfolio construction and optimisation analysis if desired, enabling them to understand the key factor sensitivities and to uncover tail risk contributors and diversifiers alongside with potential opportunities in the tail return. In addition to this, Henderson hosts an annual trustee educational event which is structured to provide training for both new and experienced trustees as well as providing insight into topical subjects. It is also planning a diversified growth seminar, which will consist of external and internal speakers. * Source: Henderson Global Investors. Data from 31.10.2009 to 31.10.2010, gross of fees, in Sterling ** Source: Henderson Global Investors. Data from 31.7.2007 to 31.1.2011, gross of fees, cumulative, in Sterling Judge’s comment “Development of a DC friendly diversified growth strategy”
40 UK Pensions Awards 2011 www.professionalpensions.com Multi-Asset Manager of the Year Interview – Jane Shoemake What does it mean to win this award? It is a tremendous achievement to receive this award. The management of Multi-Asset portfolios has evolved considerably in recent years with investment managers offering a variety of structures and investment objectives. We launched our Diversified Growth strategy in 2007 for our pension scheme and having achieved attractive results for clients invested on a segregated basis, we are delighted to receive independent acknowledgement. With the recent launch of two Diversified Growth pooled funds – one of which is suitable for Defined Contribution schemes and the other for Defined Benefit schemes – and the receipt of one of the most prestigious awards given by the UK pensions industry, we look forward to continuing our success in this area. What do you believe set you apart from your peers to help you win this award? With the support of clients and consultants, we have built a strategy that allows sufficient flexibility to position the portfolio according to the market environment while also providing access to true alternatives, which may in practice be unavailable to some pension schemes. Coupled with the skill of the team, this has enabled us to deliver equity-like returns with bond-like volatility in what has been one of the most volatile periods for markets since the 1930s. Our Diversified Growth strategy, together with a liability hedging structure, has not only protected clients from downside risk but also helped improve their funding status. We are delighted to have been able to deliver for our clients in this way. What are the key challenges facing your pension scheme clients and how are you helping them address them? The market volatility we have witnessed since the global credit crisis has meant that our clients have become more focused on the composition of their portfolio and how this interacts with their liabilities. Henderson offers clients access to expertise across equities, fixed income, property and private equity, with the recent acquisition of Gartmore enhancing the breadth of our investment capability. The Diversified Growth strategy is able to invest in a range of funds, although primarily we invest internally as we are able to achieve our desired asset mix in a cost-efficient manner through our regional, sector and style-related funds. As such, we are well placed to help clients as they seek to build portfolios to Jane Shoemake, diversified growth investment director at henderson Global investors manage a more volatile environment. The continued closure of Defined Benefit pension schemes to future accrual has meant that pension fund trustees continue to focus more on the investment options available to Defined Contribution (DC) members. Diversified Growth is growing in popularity as the default option and in recognition of this trend, Henderson launched a DC-friendly version of our Diversified Growth strategy. This provides DC members with the opportunity to invest in a fund that offers exposure to alternative asset classes but with daily pricing. How will you continue to further improve your services to pension scheme clients over the coming 12 months? At Henderson we are focused on delivering first class investment performance and client service. In terms of our Diversified Growth strategy, we believe it is particularly important to ensure we keep clients updated on investment strategy and the team’s views so that they are comfortable with, and understand, the fund’s positioning. We remain committed to offering tailored investment solutions to meet our clients needs now, and as they evolve in the future. Issued in the UK by Henderson Global Investors. Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), Henderson Fund Management Limited (reg. no. 2607112), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Investment Management Limited (reg. no. 1795354), Henderson Alternative Investment Advisor Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no.2606646), (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE), Gartmore Investment Limited (reg. no. 1508030), Gartmore Fund Managers Limited (reg. no. 1137353), (each incorporated and registered in England and Wales with registered office 8 Fenchurch Place, London EC3M 4PB) are authorised and regulated by the Financial Services Authority to provide investment products and services. Telephone calls may be recorded and monitored.
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