JOHCM fund managers to exit as Japan fund closes following 83% AUM decline

Fund had seen assets reduced to £78.2m

JO Hambro Capital Management (JOHCM) is to close the firm's £78.2m Japan fund, following significant redemptions between 2018 and 2020.

As a result of the closure, the managers of the fund, Scott McGlashan and Ruth Nash, will leave the firm in July "after an orderly winding up of the portfolio," a spokesperson confirmed to Investment Week.  McGlashan has managed the fund since launch, while Nash has been with the firm since 2005 and managed the fund since then.  "We would like to thank them for their stewardship of the fund since its launch in 2004 and their dedication to our clients," the spokesperson added.  The fund, which is expected to be closed from 19 July subject to shareholder approval, has struggled over ...