View more on these topics

JO Hambro sets up US fund for Roe-Ely

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.”

Recommended

Brokers told to ditch lenders if they cannot get client details

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 […]

From here to fraternity

Earlier this year, extracts from taped conversations between FSA staff investigating an IFA were published in Money Marketing.

Red tape rolls out in Lazard move

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 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com