MENU

Henderson Group to bulk up Australian presence

Henderson Group (ASX: HGG), the UK-based asset and fund manager, has announced interim results for their 2013 year.

Highlights include:

  • Record underlying profit (up 22% on corresponding period)
  • Operating margin of 38%
  • 73% of funds met or outperformed benchmarks over the past three years
  • Positive and increasing retail flows
  • Interest in European equities increasing
  • Real estate joint venture with large US pension fund progressing well; now exploring other strategic opportunities with the same partner

Henderson Group is in a good financial position and has announced an intention to invest further in distribution capability and corporate growth options. Australia is one of the target markets and so far the action is modest. An office has been established, and a 30% stake in resources specialist fund manager 90 West Asset Management has been acquired.

The existing Henderson funds cover a broad range, from fixed interest to area specific equity funds. Several strategies have been mooted for Australia including taking stakes in boutique fund managers, employing high quality managers under a corporate structure and buying whole businesses. Evidently Henderson’s intent in Australia goes beyond distribution.

Interested in our #1 dividend-paying stock? Discover The Motley Fool’s favourite income idea for 2013-2014 in our brand-new, FREE research report, including a full investment analysis! Simply click here for your FREE copy of “The Motley Fool’s Top Dividend Stock for 2013-2014.”

More reading


Motley Fool contributor Peter Andersen owns shares in Henderson Group.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.