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JOHCM soft-closes £3.7bn equity fund duo

J O Hambro Capital Management has soft-closed two equity funds to safe-guard the investment processes of the strategies.

JOHCM soft-closes £3.7bn equity fund duo

JO Hambro Capital Management has soft-closed two equity funds to safe-guard the investment processes of the strategies.

The JOHCM Global Select and JOHCM Europe Select Values funds were both soft-closed on March 31, which saw a 5% front-end charge now be levied on new investors into these funds.

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.’

‘Investors looking for global equities exposure may wish to consider the JOHCM Global Opportunities fund, managed by Ben Leyland, which is ranked top decile in its sector since its launch in 2012.’

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.
 

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Christopher Lees
Christopher Lees Average Total Return:
51.48%
109/480 in Equity - Global (Performance over 3 years)
Nudgem Richyal
Nudgem Richyal Average Total Return:
51.48%
110/480 in Equity - Global (Performance over 3 years)
Ben Leyland
Ben Leyland Average Total Return:
38.73%
299/480 in Equity - Global (Performance over 3 years)
Robrecht Wouters
Robrecht Wouters Average Total Return:
24.23%
133/209 in Equity - Europe (Performance over 3 years)
John Wood
John Wood
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