Henderson Group plc, the parent company of Henderson Global Investors, has announced the terms of its proposed acquisition of Gartmore Group Limited. Gartmore has total assets under management of £16.5 billion as at December 31, 2010.
Henderson, which recently passported nine funds in Malta, is represented locally by Atlas JMFS Investment Services Limited. The proposed acquisition will create a fund manager with £78 billion global assets under management and reinforces Henderson’s existing investment capabilities with the addition of a number of highly respected portfolio managers.
It also provides an opportunity for Henderson to add product strengths that encompass traditional long only and absolute return offerings offered to both institutional and retail clients.