Multi-manager head leaves after sabbatical

Katy Gladstone, a co-head of Henderson Global Investors\' multi-manager range, has left her post after a five-month sabbatical. She was to return last month, but Henderson has confirmed that she will not be coming back.

Katy Gladstone, a co-head of Henderson Global Investors’ multi-manager range, has left her post after a five-month sabbatical. She was to return last month, but Henderson has confirmed that she will not be coming back.

Gladstone joined Henderson as a research assistant in 1999 and progressed through fund analyst and fund manager roles. In 2007 she became co-head of multi-manager investments at the group, alongside Bill McQuaker. In April she took a sabbatical to travel.

She decided to leave her post despite being scheduled to return in September. Gladstone is exploring opportunities both within and outside the investment industry, she says.

The multi-manager team at Henderson will continue, as it has since April, run by McQuaker and a team of three, all of whom have been in place since 2006.

Chris Forgan and Helen Dunnett, fund analysts, will continue to focus on fund selection within the multi-manager range, while McQuaker, supported by Genevieve Stephens, oversees the asset allocation.

Henderson says that because of market conditions and the fact McQuaker has delivered good performance in Gladstone’s absence, it will not seek a replacement for Gladstone.

“Katy has played a significant part in the success of the team,” McQuaker says. “And while I am sorry to see her leave I have full confidence in the team to continue producing good results. This is made easier given there has always been a team-based approach within the funds.”