Following the recent acquisition earlier this year to manage the Spencer House Capital Management fund – a UCITS umbrella housing the firm’s global equity port
Following the recent acquisition earlier this year to manage the Spencer House Capital Management fund – a UCITS umbrella housing the firm’s global equity portfolio and several segregated mandates – JO Hambro Investment Management is considering a merger with its own Waverton Global Equity Fund, reported Investment Week this week. The London-based firm was established in 1986 by the Hambro family and currently manages over GBP3billion in AUM. The GBP31million UCITS III-compliant Waverton Global Equity Fund, managed by Jennifer Fisher (pictured), is just one of six offshore Waverton funds in the JOHIM stable. Following the transfer of Spencer House Capital’s mandate, fund managers Charles Martyn-Hemphill and Will Kenney moved over to the firm to continue at the helm. The name, however, was changed to JOHIM Global Investment Funds. It now seems that the firm is thinking about merging the global mandate with Waverton Global Equity Fund sometime in the next six months. A statement by the group said that it was “reviewing its global fund business” following its appointment as investment manager to the Spencer House Capital Management fund, and that it was reviewing the “synergies between the two funds”. If the merger does happen, Martyn-Hemphill and Kenney will manage the fund with Fisher concentrating on private client and segregated mandates. “The merged fund, if and when it happens, would take on characteristics of both funds,” said the statement. JOHIM was acquired by Credit Suisse in 2000 although it remains separately managed from other divisions of CS Private Bank.
