JO Hambro is considering distributing parent company BT Investment Management’s fixed income funds to clients.
Last July, Australian fund manager BT Investment Management bought JO Hambro for £209m. Jo Hambro does not currently have any fixed income funds.
BT Investment Management’s eight-strong fixed income team is led by head of income and fixed interest Vimal Gor. It has nine funds, including the £44m BT Wholesale Fixed Interest, £49m BT Wholesale Global Fixed Interest, £11m BT Wholesale Monthly Income Plus, £564m BT Government Bond, £320m BT Institutional Enhanced Fixed Interest, £645m BT Institutional Global Fixed Interest, £285m BT Wholesale Enhanced Credit, £971m BT Wholesale Enhanced Cash and £3.5bn BT Wholesale Managed Cash funds.
JO Hambro chief executive Gavin Rochussen says: “BT Investment Management has an exceptional fixed income team and excellent performance. We do have the potential to sell fixed income to our client base. We are thinking about how we would do that and whether we have the right distribution channels for it.”
Rochussen says the firm could use the team to feed fixed income ideas into the multi-asset product it is considering launching, which would be restricted to fixed-income and equities.
Chelsea Financial Services managing director Darius McDermott says: “I do not see why JO Hambro should not sell the fixed income funds to its client base if their performance is good.”