JO Hambro closes American Growth due to waning investor demand

JO Hambro Capital Management is to close Nick Roe-Ely's American Growth fund, following lack of inves...

JO Hambro Capital Management is to close Nick Roe-Ely’s American Growth fund, following lack of investor interest in the region. JOHCM stressed the decision to close the £13m fund has no bearing on the performance of Roe-Ely but reflects the current economic climate. Sven Kuhlbrodt, JOHCM marketing director, said: “Over the last two years, demand for US equities has been subdued, particularly among small and mid cap stocks.” The sub-prime crisis and the falling USD also contributed to the fact that investors have been on the sidelines, Kuhlbrodt added. “It has been extremely difficul...