McGlashan calls stealth bull

Manager is hoping region's M&A activity will boost performance of JOHCM Japan fund

Performance on Scott McGlashan's JO Hambro Capital Management (JOHCM) Japan fund has been lacklustre in recent times. However, the manager, who believes Japan is now experiencing a stealth bull market, hopes increased M&A activity will boost his returns. "Nascent M&A activity has continued, and corporate results for the first half were broadly positive," he said. McGlashan, who entered the fund management industry in 1976, has 25 years' experience of Japanese investing. He established a strong track record at Perpetual, where his fund outperformed the Topix in 10 out of 11 calendar ...