Lack of constraint leads to wealth of success

JO Hambro Capital Management's John Wood uses the unconstrained approach he developed at Newton on JO Hambro UK Opportunities

Aimee Savage JO Hambro Capital Management launched its third onshore Oeic vehicle in November 2005 in the form of John Wood's UK Opportunities fund. Wood's fund has made bid to bid returns of 9% in the year to 19 March 2007, against the UK All Companies sector average of 7.1%, according to data from Morningstar. Investing in between 30 and 40 equally weighted names, the portfolio also has the ability to hold up to 10% in overseas stocks though Wood said this facility is used to complement UK ideas rather than simply gain foreign exposure. JO Hambro UK Opportunities is run with an uncons...