Third European equities fund manager leaves Janus Henderson

Source: Trustnet

Thomas Lemaigre is to leave Janus Henderson at the start of September, marking the third European equities fund manager to exit from the company so far this year, Trustnet can reveal.

Lemaigre has co-managed the £1.8bn Janus Henderson European Selected Opportunities fund since 2022. He also co-headed the £2.2bn Janus Henderson Continental European and £1.2bn Janus Henderson Pan European funds over the same period.

He worked alongside former fund manager John Bennett, who retired in 2024, as well as Tom O’Hara, who left the firm in February with Jamie Ross to launch a new European equities team at GAM.

Current co-managers Marc Schartz and Robert Schramm-Fuchs were added to the fund in February 2025 and will take charge following Lemaigre’s departure.

During his time as co-manager of the funds, all three have been above-average performers, returning between 46.6% and 43.2% since February 2022, as the below chart shows.

Performance of funds under Lemaigre

Source: FE Analytics

Lemaigre’s departure comes as part of a reshuffle for the Janus Henderson European equities desk. From September, Schramm-Fuchs, who is head of the European large-cap investment team, and Schartz will become the lead portfolio managers on all of the firm’s flagship European large-cap portfolios.

Schartz’ longest tenure has been as the sole manager on the Janus Henderson European Mid and Large Cap and Janus Henderson Pan European Mid and Large Cap funds, which he has run since 2017.

Schramm-Fuchs has headed the Janus Henderson European Absolute Return and Janus Henderson Horizon Pan European Absolute Return since 2018.

Janus Henderson has also bolstered its analyst team with four new hires. James Davis joined from Allianz in May, as did Jack Dunn, who came from Citigroup. Capital Group’s Lina Vilemaite and T. Rowe Price’s Antonio Zanella will start in September.

A spokesperson for Janus Henderson said: “The enhancements to the team that we have announced today underscore our commitment to maintaining the highest standards of investment excellence.”

The firm also announced that Faizan Baig, a manager on the global equity income team, will become a named co-portfolio manager on the Janus Henderson Global Equity Income fund alongside Ben Lofthouse and Andy Jones from September.