JO Hambro Capital Management (JOHCM) is to launch a UK Dynamic fund investing in British equities on October 23. The launch follows a significant period as an incubator fund, the Ryder Court UK Dynamic fund.
Alex Savvides, who joined JOHCM in March 2003, will manage the portfolio. Savvides already runs the UK Growth fund alongside Mark Costar, the senior fund manager.
“Overall, the fund has been constructed to maximise return and minimise skew and volatility,” says Savvides. He describes the fund as “style agnostic” and says he favours a pragmatic approach.
The UK Dynamic fund will be benchmarked against the FTSE All-Share index.
According to JOHCM, the UK Growth team has outperformed its benchmark over the past five years. The fund returned 65% to August 31, which is 22% ahead of the FTSE All-Share total return index.