Fund Manager
Alex Crooke joined Henderson Global Investors in 1994 having spent four years as an investment analyst specialising in US equities. On joining Henderson, he initially focussed on UK stocks and managed a number of income based unit trust and investment trust portfolios. Since 1997, he has developed a value based investment style while working closely with Michael Moule and in 2003 he succeeded him as manager of The Bankers Investment Trust PLC. He has also managed Henderson High Income Trust plc since 1997.
Recent Articles
Investing for Income
Phenomenal dividend growth and a swirl of takeover activity provide compelling evidence that equity income funds still have a way to run and are far from being the victims of their own success.
Investing for Income
Recent Webcasts
Recent Questions
What are the key attributes you look for when selecting suitable investments for Henderson High Income?
Since the portfolio is designed to provide a stable and growing income stream we tend to concentrate initially on cash generation within the companies we invest in.
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Henderson High Income appears to be highly geared (July 2006, gearing 37%). Can you explain how the Trust is structured?
One of the secrets of Henderson High Income’s success has been to borrow money and invest in assets that yield more than the cost of debt.
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As a shareholder in Henderson High Income I note that you are talking a lot about companies held by High Income increasing their dividends substantially. Can we assume you will be doing the same in the not too distant future as when the company changed structure you actually cut the dividend?
We are striving to invest in shares and bonds that will provide a stable and hopefully growing stream of income for shareholders.
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In your presentation at the Bankers’ AGM you mention about the various markets but you did not touch on South East Asia. Why?
When I look back at what I should have done last year, there should have been more investment in that region.
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It is nice to see emerging markets becoming very important for Bankers but what about India?
There is a feeling that there is no risk in the world any more and as soon as you look into emerging markets there is immense risks
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Looking at the discount figures in the Annual Report I would perhaps suggest that the discount for Bankers has not narrowed as much as other trusts?
There have been some big drivers of discounts, one of the most fundamental has been the very aggressive arbitrage intervention in the sector
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