JO Hambro Capital Management has soft-closed two equity funds to safe-guard the investment processes of the strategies.
The £1.9 billion (€2.4 billion) JOHCM Global Select fund is run by Citywire AA-rated Christopher Lees and Citywire AA-rated Nudgem Richyal. They have managed the fund since it launched in September 2008.
Meanwhile, the £1.8 billion (€2.2 billion) JOHCM Europe Select Values has been overseen by Citywire AA-rated manager and fund selector favourite Robrecht Wouters since September 2008.
Commenting on the decision, JOHCM’s CEO, Gavin Rochussen, said: ‘Both funds have generated excellent long-term performance and therefore attracted a strong investor following.'
'For pan-European equity investors, we have plenty of capacity remaining in the JOHCM European Concentrated Value fund, also managed by proven stock picker Robrecht Wouters.’
These closures follow the reopening of Citywire A-rated John Wood’s £1.6 billion (€2 billion) UK Opportunities fund, after JOHCM believed it had the capacity to run £500 million (€624 million) more in assets.
The JOHCM European Select Values fund returned 35.4% in euro terms over the three years to the end of March 2016. This compares to a 24.3% rise by the FTSE World Europe TR EUR over the same timeframe.
Meanwhile, the JOCHM Global Select fund returned 22.7% in US dollar terms against a rise of 21% by the FTSE World TR USD, its Citywire-assigned benchmark. This was also over the 36 months to the end of March 2016.