Janus Henderson Absolute Return

Formerly known as Janus Henderson UK Absolute Return

Introduction to the fund

This fund was formerly known as Janus Henderson UK Absolute Return. This is a long/short fund which tries to make a return in all market conditions. Two thirds of the fund is positioned in short-term tactical positions where the managers believe a surprise is imminent. The remaining third of the fund is positioned in long-term core holdings. The fund may invest up to 40% outside the UK and in recent years it has done this more and more (hence the change of name). The fund has continued to deliver solid if unspectacular returns in recent years.

Fund manager

Ben Wallace, Luke Newman

Ben Wallace has run the Janus Henderson Absolute Return fund since launch in 2009. The team outsource risk management to an expert third party, which aims to prevent unforeseen risks creeping into the portfolio. Co-manager, Luke Newman, joined the team in March 2010 and has previously managed absolute return funds at Altima Partners LLP.

Opinion on fund

While the Janus Henderson Absolute Return fund was launched in 2009, the strategy and the team have a much longer track record running another identical mandate. It comes into its own when stock markets are falling. In a nutshell, we like this fund as, unlike many of its sector peers, it has achieved its stated aim

Fund performance

Documents

Key facts

  • Fund size

    £1,303m

  • Chelsea rating

    Buy

  • Core Selection

    No

  • Chelsea Risk Rating

    4

  • AMC

    1%

  • OCF

    1.07%

  • Unit Type

    Acc

  • Yield

    2.60%

  • FundCalibre rating

    Elite Rated

How to invest

Once you know where you want to invest, there are a number of ways you can invest:

  • Log in here and process your instruction
  • Call us on 020 7384 7300 to buy over the phone or request an application form
  • Download an application form and post it to us, along with a cheque
Find out more
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Important information

Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.

The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.

Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).

Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.

Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.

Funds assigned to an alternative IA sector; sector rankings may differ accordingly.

The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.

This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.

Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.

Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.

To find out more about our Chelsea Risk Rating, please visit our dedicated page.

The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).

The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.