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Henderson Smaller Cos appoints AIFM

By BFN News | 07:38 AM | Tuesday 22 July, 2014

Henderson Smaller Companies Trust's board has approved the appointment of Henderson Investment Funds as the company's alternative investment fund manager. The appointment takes effect from today to ensure compliance with the Alternative Investment Fund Managers Directive. The company's existing investment management agreement with Henderson Global Investors Limited, which is not authorised as an AIFM, has been terminated. The arrangements in respect of the management fee and performance fee remain unchanged. The board has also appointed HSBC Bank to act as the company's depositary (as required by the AIFMD). Henderson Secretarial Services Ltd will continue to act as the corporate secretary to the company. Story provided by

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