The assets of the British Fund Manager, Henderson Group under management have dropped by £1.2bn to £60.5 billion from £61.7 billion in the first quarter of 2011. The assets of the group fell due to transferred £1.5bn of cash fund assets to DB Advisors. The group has get hold of the New Star in 2009.

However, company reported that Henderson integrating rival, Gartmore ahead of plan, which it took over in last month only. In the first statement of trading, Henderson said that the staff of Gartmore has shifted to its offices and now it works on its own system and processes.

Henderson said that the company is expecting the integration of third party administrators and the fund merges to be completed by the end of the third quarter in 2011.

Chief Executive, Andrew Formica, said that the group is happy with its previous experience at New Star and they are also satisfied with the current status of the Henderson.

Henderson also reported that the group has £319m of net inflows into its retail funds of in the first quarter of 2011. While, the net inflows into its retail absolute return funds are £97m.