Funds Insider - Opening the door to funds

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Glen Finegan leads emerging markets exodus at Janus Henderson

Glen Finegan leads emerging markets exodus at Janus Henderson

Janus Henderson head of global emerging market equities Glen Finegan has left the firm and will be followed by his four-strong team.

Finegan (pictured) left by 'mutual agreement' with the asset manager to 'pursue other avenues within the asset management sector', the firm said. His six-month gardening leave starts today.

Emerging markers fund managers Stephen Deane, Nicholas Cowley, Michael Cahoon and Ian Taberrer, will also leave the business on 30 November. 

'The team’s investment philosophy and process will remain unchanged during this time,' a spokeswoman for the firm said.

Until a replacement is found, the team will report to co-head of equities Alex Crooke.

Crooke said Janus Henderson remained 'fully committed to the emerging markets asset class'.

'We have over 350 investment professionals globally, a broad spectrum of active investment capabilities and a strong global client service team,' he said. 

'We are optimistic about the opportunity to build a genuinely differentiated emerging markets investment capability.'

Finegan was responsible for five funds at the company, including the Janus Henderson Emerging Markets Leaders and Janus Henderson Global Emerging Markets Equity funds.

He joined the firm from First State in 2015.

In the last three months of 2018 client redemptions from Janus Henderson accelerated to $8.4 billion (£6.4 billion), taking its annual outflow to $18 billion and the total since early 2017 to around $28 billion.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.