Mike Kerley to retire from Janus Henderson

The retirement was announced in the Henderson Far East Income (HFEL) trust's results for the year ended 31 August 2023, which were released today (30 November). Kerley, who has managed the trust since January 2007, will be replaced as lead manager by Sat Duhra, who has been a co-manager on the trust since June 2019. "The board has full confidence in Sat's ability to manage the portfolio going forward, and he has been part of a long-standing succession plan," the trust said. Janus Henderson head of UK retail Simon Hillenbrand departs HFEL's returns have fallen below the benchmark...