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

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.

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