J O Hambro Capital Management (JOHCM) senior fund manager Clive Beagles has decided to take a sabbatical of up to six months.
Beagles, who has been on sick leave since 17 September, will take the extra time off to recover from his illness.
The JOHCM UK Equity Income fund reins have been handed to James Lowen, who has managed the fund with Beagles since its launch three years ago.
Like Beagles, Lowen joined JOHCM in 2004 from Newton, to launch the firm’s UK equity income proposition.
JOHCM chief executive Nichola Pease says she fully supports Beagles’ decision.
“After eighteen years in fund management and three years with JOHCM, Clive has decided to take some time out of the industry to recover from recent illness,” she says.
“We have a great replacement in James Lowen who will continue to apply the same investment process with which the fund has delivered impressive returns for most of the last three years.
“James will be supported by John Wood, manager of the JOHCM UK Opportunities fund.”
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