JO Hambro Capital Management (JOHCM) has reported record inflows for the first six months of the firm’s financial year.
In a statement released today, the boutique asset manager says that net inflows were more than £700m between April and September.
Institutional money bolstered inflows and now accounts for one-third of assets under management in the group’s long-only funds. Among the strongest performers in the range over the reporting period were Clive Beagles’ UK Equity Income fund, as well as UK Growth and European Select Values.
Gavin Rochussen, the firm’s chief executive officer, says the business has seen four consecutive quarters of net inflows despite unpredictable markets and limited visibility of genuine economic recovery.