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JO Hambro soft-closes UK equity income fund

JO Hambro Capital Management has soft-closed its JOHCM UK equity income fund after it passed through the £750m barrier.

The fund, managed by James Lowen and Clive Beagles, has garnered a large IFA following since its launch in November 2004 and is currently top quartile in the IMA UK equity income sector over three years.

Beagles has managed the fund since launch with Lowen becoming co-manager in September 2007 when Beagles took a six month sabbatical from the firm, returning in April 2008.

There will be no changes for existing investors and JOHCM says it will continue to assess its ability to managed the fund as it grows.

In a statement to investors, Beagles says: “The fact that the index has risen by over 30 per cent since we established the cap level back in 2004 means we have the headroom to ensure the fund remains nimble and free from liquidity concerns, but we are completely committed to preserving performance and protecting investors’ interests.”

The investment boutique has a policy of capping its funds at launch in order to help deliver and sustain performance.

Chelsea Financial Services managing director Darius McDermott says: “This is a policy we support and JOHCM has stayed true to their word on what is a very good franchise.”


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