The remaining four portfolio managers on the Edinburgh-based Janus Henderson global emerging markets team will leave the firm, following the departure of head of global emerging markets equities Glen Finegan, who goes on gardening leave today (18 April) until October.
Stephen Dean, Nicholas Cowley, Michael Cahoon and one more member of the team will continue to manage the Janus Henderson Emerging Markets Opportunities fund, as well as other mandates they are responsible for, until 30 November, over which time the investment philosophy and process will remain the same.
In a letter to adviser clients, seen by Investment Week, co-head of equities EMEA and Asia Pacific Alex Crooke said the firm is "actively pursuing various options for maintaining the global emergin markets capability, including recruiting new talent to the team".
We are optimistic about the opportunity to build a genuinely differentiated emerging markets investment capability."
Crooke added: "We remain fully committed to the emerging markets asset class.
"We have over 350 investment professionals globally, a broad spectrum of active investment capabilities and a strong global client service team.
"We are optimistic about the opportunity to build a genuinely differentiated emerging markets investment capability."
Dean is also a portfolio manager on the Australian Janus Henderson Global Emerging Markets Equity fund. He, Cowley and Cahoon will also co-manage all segregated mandates and institutional pool vehicles.
Cowley is also a portfolio manager on the Janus Henderson Emerging Markets, Latin American, and Emerging Markets Leaders fund, and the emerging markets aspect of the International Opportunities fund.
Finegan departs after four years, having joined Janus Henderson in February 2015 from First State Stewart.
In 2016 he completed a "major repositioning" of the then £197m AUM emerging markets fund and increased the number of holdings from 54 to 63.
This article was first published by Investment Week, a sister title to International Investment