Henderson multi-managers buy GLG UK Select

Mark Harris and Craig Heron, Henderson New Star multi-managers, have invested over £20m in the newly-launched GLG UK Select fund.

UK Select will be a core holding in three of Harris and Heron’s portfolios: New Star Active, New Star Balanced and New Star Managed.

The £101m fund was launched by GLG in August. It is managed by John White and Jason MacKay.

The 33-stock concentrated portfolio is biased towards large-caps. It is a British domiciled version of White and MacKay’s Dublin domiciled UK Select Equity fund, and reflects the long portfolio of their hedge fund.

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