Wealth Manager - the site for professional investment managers

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

Janus Henderson EM head Finegan and four-strong team to exit

Glen Finegan wil leave on 18 April to 'pursue other avenues', while his four-strong emerging markets team will leave in November.

Janus Henderson EM head Finegan and four-strong team to exit

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. 

He will be on a six-month gardening leave starting 18 April.

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 spokesperson for the firm said.

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

Crooke said Janus Henderson is actively pursuing various options for maintaining its global emerging markets capability, which includes recruiting new talent. 

'We remain 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.

Share this story

Leave a comment!

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

Share this story

dot

Related Fund Managers

Nicholas Cowley
Nicholas Cowley Average Total Return:
36.37%
212/254 in Equity - Global Emerging Markets (Performance over 3 years)
Glen Finegan
Glen Finegan Average Total Return:
36.01%
217/254 in Equity - Global Emerging Markets (Performance over 3 years)
Michael Cahoon
Michael Cahoon
Stephen Deane
Stephen Deane
Alex Crooke
Alex Crooke
dot
dot
dot

Top stories

Read More
dot