JOHCM soft closes Global and Euro Select funds after AUM jump

JO Hambro Capital Management (JOHCM) has soft closed its Global Select and European Select Values funds, after assets have soared since the start of 2015.

The asset manager has now introduced a 5% front-end charge to both Dublin-registered funds to discourage further flows from new investors. Terms for existing investors will remain unchanged, including direct clients and those using third-party platforms. JOHCM's Global Select fund, launched in September 2008 and run by Christopher Lees and Nudgem Richyal, has grown from £1.7bn on 31 December 2014 to nearly £2bn on 25 March 2016. Total assets under management for the combined Global Select and International Select (Global ex US) strategies and segregated mandates stood at £6.3bn at 31 ...