RNS Number:1931T
Henderson Absolute Rtn Portfolio Ld
12 December 2003


Net Asset Value price as at 28th
November 2003

Ordinary Shares =                        106.29 pence

Portfolio as at 28th November 2003

Fund                                     Manager                    Weight

Modulus Europe                           Powe Capital Management      10.3%
Lansdowne UK Equity Fund                 Lansdowne Partners            9.5%
Crescendo European Fund                  Threadneedle                  7.9%
Polar Capital Market Neutral             Polar Capital                 7.4%
Thames River Kingsway                    Thames River                  7.4%
SVM Highlander Fund                      Scottish Value Mgmt           6.9%
Jupiter Hyde Park Hedge Fund             Jupiter                       6.4%
Martin Currie Japan Absolute Return
Fund                                     Martin Currie                 6.1%
Henderson European Absolute Return Fund  Henderson Global              6.1%
                                         Investors
Cazenove UK Equity Absolute Return Fund
Limited                                  Cazenove                      4.6%
Henderson Japan Absolute Return Fund     Henderson Global              4.1%
                                         Investors
Old Mutual UK Specialist Fund            Old Mutual Asset              3.9%
                                         Management
Henderson Asia Pacific Absolute Return
Fund                                     Henderson Global              3.8%
                                         Investors
Martin Currie UK Absolute Return Fund    Martin Currie                 3.0%
Thames River Edo Limited                 Thames River                  3.0%
Liontrust Absolute Return Fund           Liontrust Investment          2.9%
                                         Services
JPMF Europe Equity Market Neutral Fund   JPMorgan Fleming              2.8%
Lindsell Train Japan Fund                Lindsell Train                2.5%


Total Invested                                                        98.6%
Cash                                                                   1.4%

                                 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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