Henderson Global Investors (North America) has gotten a bit more global.
The U.S. subsidiary of London-based Henderson Global Investors has built out its global fixed income side with the hire of a U.S. team headed by former Delaware Investments senior portfolio manager Kevin Loome.
Loome was previously senior vice president, senior portfolio management, and head of high yield investments for Delaware. He was sole portfolio manager on Delaware High-Yield Opportunities Fund, as well as a portfolio manager among other managers on funds including Delaware Core Plus Bond Fund, Delaware Diversified Income Fund and Delaware Diversified Floating Rate Fund.
He is joined by five U.S. credit specialists, also from Delaware. Charles Devereux will serve as head analyst, while Devon Everhart and Douglas Zinser will serve as senior analysts. Matthew Fanandakis was hired as an analyst, and Gregg Gola as trader and analyst. The team will be based in Philadelphia. The five specialists report to Loome, who reports to Thariyan.
Head of fixed income Jim Irvine said in a press release that the hires resulted from "increasing client demand" for global credit strategies and "a desire to build upon the success of our existing credit team."
"We have long intended to build out a truly global fixed income platform," Irvine said. "It was important to us that we did so by sourcing not only a team with competitive performance across the retail and institutional market but also one that would be a cultural fit with our existing team. Kevin and team are a perfect fit. They have worked together for over five years and will be an excellent addition to Stephen’s existing team.”
Global head of credit Stephen Thariyan added, “Bringing [our] European credit team and Kevin and team together will enable us to go to our clients with a complete global credit product range."
In an emailed statement, Delaware said it experienced a "seamless transition" following Loome's departure. Tom Chow and Paul Matlack, who Delaware called "seasoned fixed income investors with strong high yield experience," will manage Delaware High-Yield Opportunities Fund going forward, the statement said.
Henderson managed $104.7 billion in assets as of Sept. 30, 2012. Of that amount, $27.4 billion is in fixed income assets.