Janus Henderson News

Simon Hillenbrand (pictured), head of UK retail as Janus Henderson is leaving the company effective 31 December 2023.

The market for U.S. Treasuries may be the largest, safest and most liquid in the world at more than $24 trillion.

After today’s pause, there is broad consensus among analysts that this may have been the Bank of England’s last interest rate hike in this cycle.

The Janus Henderson European Select Opportunities fund and the trust’s reviews were triggered by the upcoming retirement of their fund managers.

The strategy will aim to outperform the MSCI World Health Care index by at least 2% per annum over the course of a market cycle.

George Maris (pictured), has taken on the roles of CIO and global head of equities at Principal Asset Management

Joining this month, Ferguson will be based in London and report to the firm’s chief commercial officer Apiramy Jeyarajah.

A former Federated Hermes employee this week sued the company because it included its own funds in the company’s 401(k) plan.

John Bennett

Shareholders in U.S. firms saw dividends grow by 4.6% on an underlying basis in the second quarter of 2023 and by 2.9% on a headline basis including special dividends, exchange rate effects and other technical factors.

Half of the world’s dividends in Q2 were contributed by banks.

The figures by fund manager Janus Henderson estimated that 88% of companies globally had either increased their dividends or held them steady in Q2, resulting in $568.1 billion worth of worldwide payouts since the start of the year. The fastest growth came in Europe, where a number of countries such Italy and Spain have introduced or are looking at windfall taxes on bumper profits made by banks and energy firms on the back of rising interest rates and energy prices. Dividends were up nearly 10% to $184.5 billion. That did not including Britain, where the quarterly total dropped to $30.7 billion from last year's $34.9 billion, when oil and gas firms saw a leap in payments after Russia's invasion of Ukraine sent commodity prices surging. This time around, the surge in global interest rates meant banks contributed half the world's dividend growth and drove a quarter of Europe's increase.

Fed chair Jerome Powell spoke at the Jackson Hole symposium last week.

Alexandra Altinger has headed up the company’s Europe and UK (EUKA) business for the past four years and will step down from her role at the end of August.

Barrenjoey’s equities desk was late on Wednesday looking for buyers for some $112 million in Magellan Financial shares being offloaded by the fund manager’s co-founder, Chris Mackay.

The Bank of England

By Naomi Rovnick and Dhara Ranasinghe

Andrew Formica (pictured), retired as CEO of Jupiter Asset Management last year.

Throughout 2022, while profits hit record levels of 5.8% (£3.1trn), 49% higher than pre-pandemic levels, they rose much slower than dividends did.

CEO Ali Dibadj (pictured), said the firm was «delighted» to welcome back Marc Pinto to Janus Henderson.

Magashlin Chetty (pictured), will support the managers of the €369.1m (£320.6m) Nomura European High Yield Bond strategy.