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Opportunity knocks

Over the last four years, JO Hambro Capital Management has been building a strong and successful equity arm. The group made its entrance into the retail arena in 2001 with the launch of its UK growth and European funds, run by talented managers. Last year, it launched Japan and UK equity income funds, both also managed by well-known names in the City. It now has on board John Wood, formerly of Newton, to run a UK opportunities fund.

Wood previously ran the Newton UK opportunities fund and built an excellent track record dovetailing Newton’s thematic approach with stockpicking. Here at JOHCM, his approach is much the same.

The aim of the fund is to provide superior outperformance, using a thematic approach to generate stock ideas. The fund will have a concentrated portfolio of 30 to 40 companies so there may be big bets taken on individual holdings where the manager holds the highest conviction in a company and where the risk/reward characteristics allow it.

The fund will not be benchmark-oriented so the manager is not compelled to own a stock because it makes up a big proportion of the index. It will have the flexibility to invest in large, mid or small caps depending on where the manager is finding the best value in the UK market.

JOHCM has launched some successful funds with great talent on board and I cannot see why it cannot make an equal success of this proposition.

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