JOHCM launches Global Opps fund as UK version nears capacity

JO Hambro Capital Management is to launch a Global Opportunities fund as its UK Opportunities fund, run by the same managers, fast approaches its £1bn capacity limit.

The UK portfolio currently has £900m of assets under management, and has a stated mandate to cap the fund at £1bn. JOHCM has not marketed the fund for some time. Meanwhile, the Global Opportunities fund will launch, as previously reported by Investment Week, on 29 June. Both funds are run by John Wood and Ben Leyland, with Leyland taking up the lead role on the new fund, who focus on a concentrated collection of undervalued blue chips with reliable compound growth prospects. Leyland said global chip valuations are approaching "a generational buying opportunity" but investors are s...