JO Hambro Capital Management (JOHCM) has launched a European value fund focusing on large companies and will cap the fund – a Dublin-based Oeic – at £2 billion (€2.7 billion).
The JOHCM European Concentrated Value Fund is managed by Robrecht Wouters and the strategy represents a concentrated, large-cap extension of Wouters's existing all-cap European Select Values strategy. The firm says the product results from client demand for a large-cap version.
The fund will be available to retail and institutional investors through JOHCM’s Dublin-based Oeic fund range. The annual management charge is 0.75% for the 'A' share class; 1.25% for the 'B' share class. A performance fee applies to both share classes. It is also available to institutional investors on a segregated account basis.
The firm says the £2 billion cap is in keeping with its policy of capping strategies in order to help deliver and sustain outperformance.
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