James Ross is to become co-manager on the €3.9bn (£3.3bn) Henderson Horizon Pan European Equity fund, handing over his UK Alpha vehicle in the process.
Mr Ross will manage the fund alongside Tim Stevenson, who has headed the product since it was launched in 2001, and has been at Henderson since 1986.
Mr Ross joined Henderson in 2007 as a graduate and has been co-manager on the £412m UK Alpha fund alongside Neil Hermon since 2013.
Mr Stevenson said: “Having worked with James for the past 10 years, I am very pleased to bring him on to the fund to work alongside me. James and I share a common investment philosophy and with his help I feel confident we can continue our successful track record of finding good quality growth companies in an increasingly tough market.”
Henderson said that Mr Ross’s move was “purely an effort to strengthen the European equities team” and was not succession planning for Mr Stevenson. A spokesman said the promotion to Horizon Pan European Equity “represents a big opportunity for him as it is a much bigger fund” than UK Alpha.
Mr Hermon will now become lead manager on the UK Alpha fund, and Henderson has appointed Indriatti van Hien – who has worked with Mr Hermon and Mr Ross for four years – as deputy manager.
According to FE Analytics, the Henderson Horizon Pan European fund has returned 31.1 per cent over three years, while the offshore Europe including UK equity sector returned 23.7 per cent over the same period.
The Henderson UK Alpha fund has returned 35.7 per cent over three years, compared to the IA UK All Companies sector which returned 21.1 per cent over the same timeframe.