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Syme and Wimborne leave Barings for JOHCM

James Syme and Paul Wimborne, emerging market fund managers at Barings, are leaving the firm for JO Hambro Capital Management.

The hire at JOHCM comes ahead of the launch of a new emerging markets fund later this year.

JOHCM has stressed that the core approach of the new fund will differ from the existing JOHCM emerging markets fund.

The fund was launched in April 2010 and is currently managed by Emery Brewer and Ivo Kovachev.

Wimborne’s previous role was as an investment manager in the global emerging markets equity team, where he has worked since 2006.

Syme also worked with Wimborne on the emerging markets fund before becoming the head of Barings’s global emerging markets equity team
in 2008.

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Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

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