Credit Suisse puts JOHIM up for sale

Credit Suisse has put boutique JO Hambro Investment Management (JOHIM) up for sale, according to reports.

The Swiss investment bank paid £100 for JOHIM in 2001, but the business is worth an estimated £60m. Potential bidders are concerned about the lack of succession planning at the firm, which has several fund managers approaching retirement, the Sunday Times reports. JOHIM employs 100 staff at its office in St James’ Square. Its fund range includes the onshore JOHIM branded funds as well as the offshore Waverton portfolios, and it also runs hedge funds and specialist mandates. The groups said it has approximately £3bn in assets under management. The business was founded in 1986 ...