Active asset manager J O Hambro Capital Management (JOHCM) has appointed experienced portfolio managers Giorgio Caputo and Lale Topcuoglu to spearhead a global multi-asset income investment strategy.
A US mutual fund launch is scheduled for Q4 2017, and a global income builder fund is expected to launch in Q1 2018, the latter will be marketed to UK and European investors via a Dublin-domiciled OEIC fund, subject to regulatory approval.
Caputo, who will lead the Global Multi-Asset team, started today in JOHCM’s New York office. He was most recently employed as Portfolio Manager and Senior Analyst by First Eagle Investment Management, where he helped develop and launch the firm’s Global Income Builder strategy and was a co-manager of the First Eagle Global Income Builder Fund.
Topcuoglu, who will be Head of Credit, is also based in New York. She will join JOHCM in September after a 17-year career with Goldman Sachs & Co and Goldman Sachs Asset Management (GSAM), where she was most recently Global Head of Alternative Corporate Credit and co-manager of the Goldman Sachs Income Builder Fund. The Global Multi-Asset team will also have access to JOHCM’s existing 35 investment professionals, with additional team hires anticipated over time.
Using a value investing approach, the team will seek income-generative securities across equity and fixed-income markets worldwide. The new strategy will focus on balancing investors’ need for current income with the preservation and growth of capital in inflation-adjusted terms.
Ken Lambden, JOHCM Group CEO, says: “Retiree numbers are growing around the world. This strategy aims to address the increasing demand for income strategies globally. We view this new product as a sensible extension to our existing range of equity strategies.”
Caputo adds: “I was attracted by JOHCM’s entrepreneurial culture, robust growth and the autonomy given to its investment teams. I am particularly enthusiastic about the opportunity to develop a differentiated multi-asset income and allocation-oriented platform rooted in bottom-up value investing.”
Capacity has been set at USD10 billion, at which point JOHCM will take steps to limit additional inflows in order to protect the interests of existing investors; JOHCM strictly manages capacity across its 23 investment strategies.
