JOHIM to market absolute return product to FoHFs

JO Hambro Investment Management is looking to market its absolute return portfolio to fund of hedge fund providers and believes it can capitalise on a lack of choice in the market.

The firm believes there is a shortage of quality products for funds of hedge funds to choose from under the Uctis III framework and is confident its Dublin-domiciled Waverton UK Absolute Oeic will prove a success in the space. The firm is currently in talks with fund of fund managers and databases to discuss how to position the £77.3m vehicle. Managers Russell Wallis and Simon Wilson use a bottom-up approach and invest in large cap FTSE 100 companies. They also use a conservative option overlay strategy, predominantly writing covered call options and stock substitution. "These fund...