Henderson launches M&A hedge fund

12 September 2006

Henderson Global Investors has announced the launch of yet another new hedge fund, this time focusing on investments surrounding merger and acquisition deals.

The Henderson Special Situations hedge fund is to be based in Dublin, where it will be managed by Adam Tyrell and Will Ballard, who will try to make profits from the restructuring that typically forms part of a merger between companies.

Investors will be required to commit at least $100,000 to the fund, with funds of funds, pension funds and institutional investors all target clients.

The Special Situations fund comes as only the most recent of five new funds launched by the company in the last 12 months, with Henderson now running a total of 14 funds, utilizing single and multiple investment strategies, with total assets of around $3 billion.

This includes the Henderson Total Return fund, which works by investing in nine other Henderson funds.

The global hedge fund market is currently estimated to be worth around $1.26 trillion.

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