John Bennett retires to focus on Rangers

[BEARGER 1,829]

John Bennett, director of European equities at Janus Henderson, will retire from the company and the industry in a year's time. Following his retirement after a 40-year career, Bennett will focus on running Rangers Football Club, of which he is a lifelong supporter and chair of the board.

 

John Bennett retires from Janus Henderson to focus on Rangers FC
More than four decades in industry

 

John Bennett, director of European equities and portfolio manager of Janus Henderson Continental European and Pan-European long-only and long/short strategies, is set to retire from Janus Henderson Investors and the asset management industry in August 2024.

 

Following more than four decades in the industry, Bennett will step down and focus his energy on running Rangers Football Club, of which he is a lifelong supporter and chair of the board.

Over his final year in industry, Bennett will remain engaged in his current role and support the team's transition until his departure next year.

 

Bennett has held his role in the firm since 2011, when Henderson acquired Gartmore. Prior to Gartmore, he also served as a fund manager for Global Asset Management for 17 years, during which time he managed its flagship European long-only fund and European equity long/short hedge funds.

 

He also held a role as fund manager with Ivory & Sime.

Robert Schramm-Fuchs will remain primary manager of the Pan-European large-cap long/short strategies and will take on responsibility for the European Focus fun alongside Marc Schartz.

The Pan-European long only strategies will be taken on by co-managers Tom O'Hara and Tom Lemaigre.

O'Hara will also continue to work on Henderson European Focus, and will lead manage the investment relationship with the board.

 

Bennett praised the European equities team as the "best I have ever had the pleasure to work with".

 

He added: "Together we have built a really strong culture of success and I have every confidence that this team will continue to deliver for our clients."

 

Janus Henderson Investors CEO Ali Dibadj described Bennett as a "valued member" of the investment team who had "helped shape the culture of the firm over the past 12 years".

 

He added: "Over a long career in financial services, John has built a reputation for making the right decision at the right time and buying stocks when others feared to invest. He has made many important contributions to Janus Henderson and our clients both as a portfolio manager and senior leader.

 

"We wish him well in his retirement from the industry and as chair of Rangers Football Club. We hope John's talents bring as much success to the fans of the club as he has to the clients of Janus Henderson."

Dibadj also praised the experience of the European equities team, and said he expected a "seamless evolution".

 

"I have the utmost confidence in the continuing European Equities team, whose investment processes, philosophy, and team-based approach will remain unchanged," he said.

[Sutton_blows_goats 4,222]

Interesting development. Hopefully this is a signal of intent from Bennett and he means business with RFC.

[Scott7 5,185]

He’s quite well qualified to run a business so Rangers don’t need the new Yank for that; maybe his contacts and access to even greater sources of finance.

[DJRFC 18]

He’s got a heck of a job on his hands with the loser mentality cancering through the club!

[Tannochsidebear 2,315]

He can start with getting rid of the amateur head coach and appoint a proper manager before the gap gets too big. Huge fortnight ahead.

[CammyF 6,807]

13 hours ago, Tannochsidebear said:

He can start with getting rid of the amateur head coach and appoint a proper manager before the gap gets too big. Huge fortnight ahead.

Bennett's been part of a board that's appointed nine different managers in eight years - maybe he's part of the problem and not the solution? 

[Rousseau 9,383]

29 minutes ago, CammyF said:

Bennett's been part of a board that's appointed nine different managers in eight years - maybe he's part of the problem and not the solution? 

Agreed. 

 

I think they are a bit old-school in their thinking, in regards to managers, etc. 

 

I also don't think they were brave enough in the powers they gave to the DoF - and as a corollary, our DoF didn't have the skills that we need. Allen was the builder, which was necessary; Wilson was the operations man, which was perhaps not what we needed - not without without use or value. 

 

I think we now really need a recruitment specialist in our DoF. 

[lenny3k 503]

12 minutes ago, Rousseau said:

Agreed. 

 

I think they are a bit old-school in their thinking, in regards to managers, etc. 

 

I also don't think they were brave enough in the powers they gave to the DoF - and as a corollary, our DoF didn't have the skills that we need. Allen was the builder, which was necessary; Wilson was the operations man, which was perhaps not what we needed - not without without use or value. 

 

I think we now really need a recruitment specialist in our DoF. 

If we are to continue going down the route of inexperienced managers who have a reputation as a good coach, we definitely need a recruitment specialist DoF and we need to back that person to make the recuritment and scouting decisions.

[Rousseau 9,383]

2 hours ago, lenny3k said:

If we are to continue going down the route of inexperienced managers who have a reputation as a good coach, we definitely need a recruitment specialist DoF and we need to back that person to make the recuritment and scouting decisions.

To be honest, experienced, successful managers are out of our league for the most part. 

 

We really need to look for up-and-coming, talented coaches. 

 

And then - you're correct - you need the structure in place to make the most of that. 

[Yorkie Bear 508]

Is it still our intention to appoint a DoF? Have the Board commented either way?