JO Hambro Capital Management is setting up an American growth fund to be run by former Tilney fund manager Nick Roe-Ely.The fund launches on October 31 and will have a concentrated portfolio of 30-50 stocks and will be capped at 500m to give Roe-Ely the flexibility needed for his high-conviction, growth-orientated investment style. The fund will focus mainly on US mid caps but can include Canadian stocks and smaller companies. Roe-Ely will look for companies with a market cap of $1bn-$10bn and will aim to identify stocks that are likely to grow earnings at a faster rate than the S&P 500 index over the next three to five years. Roe-Ely joined JOCHM this month from Tilney Investment Management, where he ran the Tilney American growth fund since its launch in 1996. JOHCM says its new fund’s limited size, mid-cap focus and performance fee structure differentiates it from other US funds available to UK investors. The company also believes the fact that the fund will be managed in the UK will be beneficial as the manager is able to get some critical distance on the US market and will be more accessible to UK investors. Roe-Ely says: “Medium-sized US companies are better able to drive business forward. They are less burdened by pension and healthcare costs and are less researched than large caps. They are also more mature, less volatile and have greater liquidity than small caps.”
Mortgage experts have urged brokers to ditch lenders from their panels if they refuse to give details about clients by using data protection as a reason. Intermediaries and panellists at Money Marketing Live expressed anger that the mortgage industry has failed to catch up with the insurance industry and allow enquiries to be made on […]
Earlier this year, extracts from taped conversations between FSA staff investigating an IFA were published in Money Marketing.
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UK Growth Plan – Limited Editions No 28
As you are probably aware,Lazard have now become part of the Fidelity Funds Network which, you might reasonably think, requires no action on the part of either us or our clients other than to consider the vastly wider range of funds now available. Not so. Crazy though it may seem in respect of investments made […]
Did you know that 60 per cent of business owners said they had no protection in place to cover the cost of buying shares should a business owner die?*
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