J O Hambro Capital Management has made a double hire as it plans to launch a global income fund for US and European clients.
Giorgio Caputo will lead the global multi-asset team from JOHCM’s New York office, where he will be joined by Lale Topcuoglu, who will become head of credit. Additional team hires are expected over time.
JOHCM is launching the global income builder fund, which will take a value approach, to US clients in Q4 and to UK and European clients in Q1 2018. Capacity for the fund has been set at $10bn.
Chief executive Ken Lambden says the product is a “sensible extension” to JOHCM’s existing equity strategies as retiree numbers grow around the world. “This strategy aims to address the increasing demand for income strategies globally.”