Top performing JOHCM Japan fund nears soft-closure

JO Hambro Capital Management's (JOHCM) Japan fund is heading towards soft-closure, following a wave of new inflows over the past twelve months.

The fund, managed by Scott McGlashan and Ruth Nash, has increased in size by £100m since mid-September 2012, boosting assets to £275m. JOHCM has told existing investors in recent weeks that the fund will soft-close when assets reach £300m. The investment boutique has a policy of capping its funds to new investors, in order to protect performance. Launched in 2004, the fund is one of the top performers in the IMA Japan sector, returning 28% over the five years to 18 January, ahead of the sector average return of 12.1%, according to Morningstar. Fund manager Scott McGlashan confir...