JO Hambro Capital Management (JOHCM) is to review the capacity of three of its strategies with a view to cease marketing or soft-closing the portfolios.
The fund house said its Global Select, European Select Value and Continental European strategies will be reviewed at the end of the year, though no decisions have yet been taken.
Christopher Lees and Nudgem Richyal’s Global Select strategy currently has £2.2bn in assets under management, while Robrecht Wouters’ European Select Value strategy has €2.3bn (£1.7bn) in assets and Paul Wild’s Continental European portfolios hold £1.5bn.
The group has already soft-closed Clive Beagles and James Lowen’s £2.6bn UK Equity Income fund, and Scott McGlashan and Ruth Nash’s £630m Japan fund.
JOHCM chief executive Gavin Rochussen said at an investor conference last week that the fund house is “watching capacity carefully”.
As of the end of June, the group had £18.9bn in assets under management. The company as a whole saw net inflows of £3bn for the 12 months to the end of June, Mr Rochussen said, adding that global equity funds had seen a particular uptick in interest in recent months.
The Global Select retail fund alone has taken in £700m over the year to end-September, according to data from FE Analytics.
The trio of strategies slated for review have all performed strongly since inception and are top quartile against their respective peer groups on a three year view.
A spokesperson for JOHCM said the portfolios will be reviewed “at the end of the calendar year, but no decisions have yet been made on the marketing of these strategies”.
