JOHCM's Savvides excels after backing unloved financials

JO Hambro manager Alex Savvides' focus on recovery situations leaves him overweight financials despite climb in share prices.

Alex Savvides has managed the JOHCM UK Dynamic fund since its launch in June 2008. He also works with Mark Costar on the JOHCM UK Growth fund. Over the past three years, the UK Dynamic fund is up 43.1%, compared to a return of 16% from the average fund in the UK All Companies sector. Its performance is yet to attract investors, with the fund just £19.4m in size. However, with a three-year track record now obtained, it should start to appear on investors’ radars. What has contributed most to the fund’s recent run of performance? We have generally been overweight in financials. This...