Janus Henderson Replaces Two Credit Managers With Quants

(Bloomberg) -- Fund managers Thomas Hanson and Hartej Singh have requested to leave Janus Henderson Investors in London as part of a review of the investment firm’s global credit structure.

A new quantitative team of four will be recruited by the asset manager, a company spokeswoman said via emailed comments on Thursday. The hiring will “reflect the changing nature of fund management and how greater use of technology, statistical techniques and data management will augment our fundamental processes,” she said.

As a result, Janus Henderson’s global credit team will go to six from eight fund managers. Thomas Hanson, who co-managed the European high-yield and “Credit Alpha” strategies, joined from Legal & General Investment Management in 2015. Hartej Singh has joined Pension Insurance Corporation as a portfolio manager, according to his LinkedIn profile. He was previously co-manager of Janus Henderson’s sterling-denominated credit funds. Neither Hanson nor Singh immediately responded to requests seeking comment.

The moves follow the departure of Pieter Staelens, who left the firm to join CVC Credit Partners in September as a managing director and portfolio manager in London.

Janus Henderson, created in a tie-up between Janus Capital Group Inc. and Henderson Group Plc, suffered a sixth quarter of investor withdrawals in the first three months of this year.

Read More: Janus Henderson Investors Yank Cash for Sixth Straight Quarter

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