The quant-based Sicav is a sophisticated Ucits III-compliant version of the Cayman domiciled hedge fund, the Henderson Global Currency Fund that Arends set up in May 2009 after joining the firm from Fortis. Both funds have an absolute return mandate.
Arends says: “The liquidity and transparency of currency as an asset class, combined with a strong focus on risk management embedded in our investment process, lend themselves perfectly to a sophisticated Ucits III fund. In addition, currency should certainly be part of a well diversified portfolio as it has a low correlation with other asset classes.”
The Henderson Horizon Global Currency Fund is the first fund to be launched by Henderson across both continental Europe and the UK simultaneously.
