Australian asset manager buys JOHCM for £209m

Investment management boutique J O Hambro Capital Management is to be acquired by Australian fund manager BT Investment Management (BTIM) in a £209m deal.

The acquisition comprises £7.1bn of assets under management in actively managed funds and segregated mandates, together with a 9.9% interest in London-based JOHCM's private client business. Owned by the Westpac Group, BTIM has A$34bn of funds under management (as at 30 June 2011) and operates a boutique model across a range of investment products including Australian equities, fixed income, global macro and cash. There will be no change in day-to-day operations at JOHCM, which will operate as a stand-alone boutique in the BTIM group. It will continue to be managed by the existing J...