Co-portfolio managers for the Henderson European trust Tom O’Hara and Jamie Ross have resigned from trust manager Janus Henderson, the board announced today (3 February).
O’Hara has been with Janus Henderson since 2018 while Ross joined the company in 2007 as a graduate trainee. Henderson European trust is a result of the merger of Henderson Eurotrust and Henderson European Focus Trust that occurred last year.
The duo will be succeeded by Robert Schramm-Fuchs and Nick Sheridan, who have been part of the company’s European Equities team since 2014 and 2009, respectively.
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The trust has a share price total return of 64.3% over the last five years, compared to a sector average 37.8%, according to the Association of Investment Companies. It trades at a 9.4% discount, and has been conducting share buybacks in an effort to shrink the percentage.
“The board will, via Deutsche Numis, be soliciting shareholder views on the strategic direction of the Company, and intends to review the Company’s position in light of the feedback received,” the board stated.