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Julian Gibbs

I have always been a keen fan of the Hambro family. With Hambro Life, they revolutionised the life insurance and investment profession in conjunction with Mark Weinberg. Now, James Hambro has managed to get together a brilliant team at JO Hambro Capital Management, which should prove to be a major competitor to New Star Asset Management, my favourite new group so far.

Incidentally, chief executive Nichola Pease is sister of Richard Pease, New Star&#39s top European manager, and is married to Crispin Odey, the brilliant fund manager.

The new company has attracted three highly successful fund managers, Max King, formerly of Finsbury, Mark Costar, of Clerical Medical, and Rod Marsden, of Sanwa European. All three have won many awards.

Marsden was one the top five European trust managers over three and five years, Mark Costar is an AA-rated fund manager and a Lipper Gold Medal winner, while Max King won the S&P Best UK Investment Trust Award in 1999 and was the main contributor to JO Hambro Capital Management being voted Best Small Investment Trust Group in 2000.

JO Hambro&#39s four new funds – European, UK growth, UK emerging companies and UK recovery – should all be winners. What I like about JO Hambro is that all the managers will have some of their own money invested in the funds and have shares in the company, plus major incentives to perform well too.

I believe all the JO Hambro funds will outperform their sector averages by substantial margins. The charges are on the low side – 5 per cent initial and 1.25 per cent annual – but they sensibly charge a performance fee of 15 per cent of the outperformance of the fund&#39s benchmark, offset by any underperformance, if it should ever occur.

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J O Hambro Capital Management – JOHCM UK Recovery Fund

Friday, 19 October 2001.Type: Oeic.Aim: Growth by investing in UK equities.Minimum investment: £2,500.Place of registration: Dublin.Investment split: 100 per cent UK equities.Isa link: Yes.Charges: Initial 5 per cent, annual 1.25 per cent.Commission: Initial up to 3 per cent.Tel: 020 7747 5646. 

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J O Hambro Capital Management – JOHCM European Fund

Thursday, 18 October 2001.Type: Oeic.Aim: Growth by investing in European and global equities.Minimum investment: £2,500.Place of registration: Dublin.Investment split: European equities 85 per cent, global equities 15per cent.Isa link: Yes.Charges: Initial 5 per cent, annual 1.25 per cent.Commission: Initial up to 3 per cent.Tel: 020 7747 5646.  

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