JO Hambro Capital Management's (JOHCM) Clive Beagles has bought into Liontrust Asset Management and Polar Capital in his £4bn UK Equity Income fund.
He initiated the new positions in Q3 last year on the back of the asset managers' "strong organic flows", solid performance and "interesting opportunities ahead". The manager now holds 40-50bps each in the two groups. "Polar Capital now has Gavin Rochussen as chief executive, who joined from here [JOHCM] in July 2017," Beagles said. Rochussen drove JOHCM from assets under management of £1.5bn in 2008 when he become CEO to £23.9bn when he resigned on 30 September 2016. Since joining Polar Capital, he has announced plans to hire new fund management teams, as well as expand into the US m...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
