JO Hambro plans long/short play but rules out fixed income

JO Hambro says it is planning to launch a long/short fund but has ruled out entering the fixed-income or absolute return sector.

The long-only equity boutique has a range of 15 funds, including two Asia funds that launched in October.

JO Hambro chief executive Gavin Rochussen says: “We will look at launching a long/short fund. It is in our area of expertise and it is a great diversifier of our offerings. We have launched four new funds in the last 12 months so we are unlikely to launch in the next year. We will always be an equity fund manager and will not be looking at fixed income.”

Rochussen says the firm will not launch an absolute return fund. He says: “I am not quite sure if there is such a thing as absolute return. None of these so-called funds have returned an absolute return.” He says he plans to bring a global value team on board within the next three years.

Jonathan Davis Wealth Management managing director Jonathan Davis says: “Advisers are not aware enough of long/short strategies and if there is no demand for them, there should be.”