Henderson stems flows on Pease’s European Special Sits

Henderson Global Investors is stemming flows into Richard Pease’s European Special Situations fund.

The firm says it has been stemming flows into the £1bn fund for the last couple of months but has no current plans to soft-close.

The fund brought in a further £400m in 2013 but is no longer being marketed to new clients.

Earlier this month Henderson appointed David Smith as joint portfolio manager on its Henderson High Income investment trust along with Alex Crooke.