British watchdog fines Henderson £1.9 million over unfair fees
Share:
LONDON (Reuters) - Britain's financial markets regulator has fined Henderson Investment Funds (HIFL), now part of Janus Henderson , 1.9 million pounds for not treating more than 4,500 retail investors fairly.The Financial Conduct Authority (FCA) said HIFL's appointed investment manager decided to reduce the level of active management of the Henderson Japan Enhanced Equity Fund and Henderson North American Enhanced Equity Fund in 2011.But although the funds' institutional clients were offered..