New Products
JO Hambro Capital Management Launches European Concentrated Value Fund
The UK-based wealth manager has launched a European fund holding a relatively concentrated pool of equities, an extension of an existing strategy.
JO Hambro Capital Management has launched the JOHCM European
Concentrated Value Fund, designed to hold a relatively small
number of large European firms.
Managed by Robrecht Wouters, who will work alongside
recently recruited Luis Faňanas, the European Concentrated
Value Fund is an extension of Wouters' existing all-cap
European Select Values strategy. It has been launched in response
to client demand for a large-cap version of this successful
product, the firm said in a statement yesterday.
The fund will be available to retail and institutional investors
through JOHCM’s Dublin-based OEIC fund range (via euro and US
dollar [hedged and unhedged] share classes). The annual
management charge is 0.75 per cent for the A share
class and 1.25 per cent for the B share class. A
performance fee also applies to both share classes. The fund
is available to institutional investors on a segregated account
basis.
The ECV strategy will have a capacity limit of £2 billion ($2.95
billion).
JO Hambro Capital Management is a UK-headquartered active
manager of equities and had £16.2 billion assets under management
in long-only equity assets at 31 December 2014.
