Active asset manager J O Hambro Capital Management (JOHCM) has appointed portfolio managers Giorgio Caputo and Lale Topcuoglu to spearhead a global multi-asset income investment strategy.
A US mutual fund launch is scheduled for the fourth quarter of 2017 and a global income builder fund is expected to launch in the first quarter of 2018.
The latter, which will be marketed to UK and European investors via a Dublin-domiciled OEIC fund, is subject to regulatory approval.
Caputo, who will lead the global multi-asset team, started this week in JOHCM’s New York office. He joins from First Eagle Investment Management where he was portfolio manager and senior analyst and a co-manager of the First Eagle Global Income Builder Fund.
Topcuoglu, who will be head of credit, is also based in New York and joins JOHCM in September after a 17-year career with Goldman Sachs.
Using a value investing approach, the team will seek income-generative securities across equity and fixed-income markets worldwide.
Ken Lambden, JOHCM Group chief executive, said: “Retiree numbers are growing around the world and this strategy aims to address the increasing demand for income strategies globally.”
Capacity has been set at US$10 billion (€8.47 billion), at which point JOHCM will take steps to limit additional inflows in order to protect the interests of existing investors.
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