RNS Number:5011N
Henderson Absolute Rtn Portfolio Ld
14 July 2003


Net Asset Value price as at 30th June
2003

Ordinary Shares =                         101.29 pence

Portfolio as at 30th June 2003

Fund                                      Manager                       Weight

Modulus Europe                            Powe Capital Management          9.5%
Jupiter Hyde Park Hedge Fund              Jupiter                          9.2%
Lansdowne UK Equity Fund                  Lansdowne Partners               9.2%
Thames River Kingsway                     Thames River                     7.6%
Crescendo European Fund                   Threadneedle                     7.5%
SVM Highlander Fund                       Scottish Value Mgmt              7.1%
Martin Currie Japan Absolute Return       Martin Currie                    6.0%
Fund
Henderson European Absolute Return Fund   Henderson Global Investors       5.7%
Polar Capital Market Neutral              Polar Capital                    5.2%
Henderson Japan Absolute Return Fund      Henderson Global Investors       4.1%
Old Mutual UK Specialist Fund             Old Mutual Asset Management      3.8%
Henderson Asia Pacific Absolute Return    Henderson Global Investors       3.4%
Fund
Martin Currie UK Absolute Return Fund     Martin Currie                    3.2%
Liontrust Absolute Return Fund            Liontrust Investment             3.1%
                                          Services
Lindsell Train Japan Fund                 Lindsell Train                   3.0%
JPMF Europe Equity Market Neutral Fund    JPMorgan Fleming                 2.9%
Thames River Edo Limited                  Thames River                     2.9%

Total Invested                                                            93.4%
Cash                                                                       6.6%

                                  Total                                  100.0%

Enquiries:
John Husselbee: Portfolio Manager - Head of Multi Manager Investment
Stephen Westwood: Head of Investment
Trusts
Henderson Global Investors 0207 818
1818







                      This information is provided by RNS
            The company news service from the London Stock Exchange

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