JO Hambro Capital Management (JOHCM) has launched a multi-asset income OEIC run by the New York-based team it hired last year.
The JOHCM Global Income Builder fund will typically hold between 30% and 70% of its portfolio in equities, with the remainder invested across fixed income, commodities and cash, and aims to provide investors with a persistent stream of income, along with long-term capital growth.
JOHCM said the fund will take a bottom-up approach to investing across asset classes, employing a "value philosophy that focuses first and foremost on the protection and preservation of capital by investing with a margin of safety".
It offers investors fixed distributions of 5% of net asset value per annum, with distributions made on a monthly basis.
The fund also has an overall capacity limit of $10bn, at which point JOHCM said it "will take steps to limit additional inflows in order to protect the interests of existing investors".
JOHCM hired a multi-asset team last year consisting of portfolio managers Giorgio Caputo and Robert Hordon, who previously developed and launched First Eagle Investment Management's global income builder strategy.
Caputo and Hordon will manage the strategy alongside Lale Topcuoglu, with assistance from analysts Remy Gicquel and Hugues Le Bras.
Commenting on the launch, CEO Ken Lambden said the fund is a "logical extension" of the firm's long-only equity range.
He added: "It offers a core solution to the income problem with which investors continue to wrestle, provided by a proven and high quality team with a distinctive bottom-up investment approach."
Part of the firm's Dublin-based OEIC fund range, the strategy will be available to investors via sterling, euro, US dollar and Singapore dollar share classes, and will charge an annual management fee of 0.65% for 'A' shares and 1.75% for 'B' shares.
Sterling investors also have access to a seed share class, offering reduced fees and an expense ratio cap. However, the sterling seed share class requires a minimum initial investment of £1m and is subject to a cap of £250m.
Effective from 1 August
10 new members
Strategic partnership between firms
12 months' notice