Henderson Global Investors has unveiled a defined contribution (DC) version of its Diversified Growth fund, Global Pensions reports. The new vehicle will be managed by head of multi asset funds and deputy head of equities, Bill McQuaker, and director of asset allocation, Chris Paine. The daily priced fund will target a return of 4% above its three month Libor cash benchmark. The multi-asset portfolio can invest in a range of traditional and alternative asset classes, such as equities, bonds, property, hedge funds, private equity, commodities, currency and cash.
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