Henderson builds global fixed income business with hire of US team
Henderson Global Investors has hired credit manager Kevin Loome along with five other US credit specialists from Delaware Investments to help build out its global credit expertise.
Besides Loome as head of Credit, US, he team includes Charles Devereux as head analyst, Devon Everhart and Douglas Zinser as senior analysts, Matthew Fanandakis as analyst, and Gregg Gola as trader/analyst.
All will be based in Philadelphia and report through Loome to global head of credit Stephen Thariyan (pictured).
Jim Irvine, Henderson’s head of fixed income said, “Given the increasing client demand for global credit strategies and a desire to build upon the success of our existing award winning credit team, we have long intended to build out a truly global fixed income platform. It was important to us that we did so by sourcing, not only a team with top line performance across the retail and institutional market but also one that would be a cultural fit with our existing team. Kevin and team stood out over all those we met. They have worked together for over five years and have an enviable track record. They will be an excellent addition to Stephen’s existing team.”
Thariyan said: “The world order has changed dramatically since 2008 and will not revert. Clients have understandably sought out those managers that can provide alpha consistently. We have built a European credit team that provides this. Kevin and team have done just the same on a US basis. Bringing the two together will enable us to go to our clients with a complete global credit product range.”
Of Henderson’s £65 billion assets under management £17 billion is in fixed income assets. In the three years to 30 September 2012, 85% of fixed income assets under management met or exceeded their benchmark, Henderson said.