Henderson Global Investors today revealed that that, effective April 2, Iain Clark is stepping down from the daily management and operations of the International Opportunities Fund.
He will remain as an advisor to the fund through year-end to provide “historical reference and guidance and to effect an orderly transition”.
In his stead, Stephen Peak, director of international equities at Henderson Global and a member of the portfolio management team of the International Opportunities Fund since its inception in August 2001, will become the lead portfolio manager of the fund effective April 2. He is also the lead portfolio manager for the Henderson European Focus Fund.
Bill McQuaker, who has been an asset allocation strategist on the International Fund with Clark since 2006, will continue as the asset allocation strategist of the fund.
The International Fund is one of Henderson's largest retail funds, with $2.6 billion in assets as of December 31, 2011. The fund uses a multi-manager approach, with five portfolio management teams focused on specific areas of sector or geographical expertise.
"We are grateful to Iain for his significant contributions over his distinguished career at Henderson," stated Andrew Formica, chief executive of Henderson Group plc. "Stephen and Bill have worked closely with Iain for many years and we are confident that their collaboration, combined with the team approach of the Fund, will ensure a seamless transition for our clients."
Henderson Global Investors is a London-based global investment management firm established in 1934 and manages $99.9 billion in assets as of December 31, 2011.