View more on these topics

JOHCM names global fund managers

JO Hambro Capital Management has appointed Emery Brewer and Ivo St. Kovachev to manage its impending JOHCM global emerging markets fund.

The boutique investment management company has been preparing to launch a fund investing in global emerging market equities. 

The JOHCM global emerging markets fund will be the first pure emerging markets fund for the group. So far, JOHCM offers investors exposure to emerging markets only through its global select fund. 

Gavin Rochussen, the group chief executive of JOHCM, says adding significant emerging markets experience has been a goal for some time because of the increasing role emerging markets are playing in investors’ asset allocation decisions. 

Rochussen says his newly recruited managers both have “a wealth of experience” in the industry and especially in global emerging markets.

Brewer previously managed the Driehaus Capital Management emerging markets growth fund. The £378m fund returned 3.32 per cent in the three years to December 31, 2009, compared with a return from the MSCI Emerging Market Growth index of 2.29 per cent.

Brewer has more than 20 years of investment industry experience, of which he spent 15 years specifically investing in emerging markets.

St. Kovachev spent 10 years working at Driehaus Capital Management, during which he co-managed the $365m Driehaus International discovery fund. He also 
supported Brewer in the management of the Driehaus emerging markets growth fund.

The Driehaus Inter­national Discovery fund dipped 3.9 per cent over three years, compared to a fall of 2.65 per cent in the MSCI AC World ex USA growth index.

In addition, St. Kovachev held the role of lead manager on the Driehaus European opportunities fund.

Driehaus Capital Management, a Chicago-based investment adviser, is an “aggressive growth” equity investment boutique. It believes earnings growth is the principle factor in determining share prices over time and investing in fast-growing companies delivers higher returns.

JOHCM has followed a measured growth strategy, capping funds at a certain size. It recently broadened its UK equity fund range with the launch of the JOHCM UK Dynamic Fund, managed by Alex Savvides. Before that, its last fund launch was the Global Select fund in September 2008.


Customer connection

The Business of Advice book and website looks at how to manage and grow advice businesses. In his second article, author David Shelton talks about how firms can benefit by gaining a detailed picture of customers

Liontrust to offer absolute return fund

Liontrust is preparing to launch an absolute return bond fund next week for head of fixed income Simon Thorp. The credit absolute return fund will be similar to the Cayman Islands-domiciled long/ short European credit hedge fund which Thorp brought with him from Ilex, the firm he co-founded. However, he says its Ucits III structure […]

Cable rails at state banks’ funding role

Liberal Democrat Shadow Chancellor Vince Cable has hit out at the Government for allowing nationalised banks to help fund international takeovers when they should be supporting British businesses.

Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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 thought leadership.

    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