JOHCM soft-closes £750m income fund

JO Hambro Capital Management has soft-closed its UK Equity Income fund after it reached its £750m cap.

James Lowen, senior fund manager alongside Clive Beagles, says small- and mid-cap exposure has been key to performance and, therefore, keeping the fund at this size will retain investment flexibility. A £750m cap was planned at time of the launch in November 2004. Beagles adds: "We are comfortable with the fund size moving modestly beyond the £750m level - the fact the index has risen by over 30% since we established the cap level back in 2004 means we have the headroom to ensure the fund remains nimble and free from liquidity concerns - but we are completely committed to preserving p...