07 September 2010
It has been reported that 30 pension funds have joined forces to
seek compensation from fund managers Henderson Global
Investors.
The Pension Funds claim to have lost nearly £350m through
their combined investment into the Henderson PFI Secondary Fund II.
Monies in the Fund were used as part of Henderson's acquisition of
John Laing. A decision the investors claim should not have been
made.
The pension funds have given Henderson two weeks to respond
satisfactorily to their claim before legal action is taken.
