JOHCM All Europe manager to exit after fund closure

JO Hambro Capital Management manager Trygve Tøraasen is set to leave the group as it seeks unitholder approval to close its All Europe Dynamic Growth fund.

Launched in February 2011, the £8.4m fund has failed to attract significant assets - unlike the group's two other European equity portfolios, the Continental European and the European Select Values funds, which each have £1.3bn in AUM. As a result, All Europe Dynamic Growth's senior manager Tøraasen (pictured) will leave the firm following the closure, while his deputy Carlos Moreno is looking at other opportunities "internally and externally", the group said. The pair joined JOHCM in 2011 from Thames River, having previously also worked together at Fidelity. The closure comes desp...