O Hambro has raised £28m in the three sub-funds of the JO Hambro Capital Management Umbrella Fund Oe...
O Hambro has raised £28m in the three sub-funds of the JO Hambro Capital Management Umbrella Fund Oeic it launched on 9 October this year.
Andrew Smelt, sales director at JO Hambro Capital Management, said the most popular fund has been the UK Growth portfolio, managed by Mark Costar.
He added that money has also been coming in daily to the European fund, managed by Rod Marsden, and the UK Recovery fund, managed by Max King.
A fourth sub-fund will soon be added to the Oeic, the UK Emerging Companies Fund, which will be run by King.
Smelt said: 'The New Star Aggressive Growth Fund raised £31m and, given their vast marketing expenses, we are pleased with how much these funds have raised, all of which was seed money.'
The three sub-funds, all have a minimum investment of £2,500, an annual management fee of 1.25% and initial fee of 5%.
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Two global vehicles
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