Henderson Investors: Lay-offs? What lay-offs?
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Henderson Investors: Lay-offs? What lay-offs?

Author: Julian Marshall & Julie Dalla-Costa

They say there are always two sides to every story. Trying to get your facts straight from Henderson Investors fully confirms this.

On the one hand, here's an extract from an email from one of Henderson's former fund managers: "I've been made redundant as part of a large scale redundancy programme".

On the other, there's this response from Henderson's press office: "I can tell you categorically that nobody has been made redundant."

Rather as Peter denied any acquaintance with Jesus three times before the cock crowed, Henderson's press officer denies and denies and denies again that anyone has been asked to leave.

Then how does that explain the following voicemail left on a former Henderson fund manager's phone: "This is [name withheld]. I have been made redundant from Hendersons."

So back we go to the press office. Are you sure you aren't culling your equities teams, specifically in UK, US and emerging markets?

"Well, no redundancies have been made," says the spokesman. "Basically it's part of a wider restructuring programme that's affecting the whole business through and through. We essentially are streamlining the business to become more efficient due to the markets.

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