JO Hambro shuts McGlashan fund

JO Hambro Capital Management has closed Scott McGlashan's Japan fund at the pre-agreed level of £200m. This follows the company's strict policy of limiting capacity on its funds. "We close all long-only funds at some point at a pre-agreed level because of liquidity issues," said Sven Kuhlbrodt, marketing director at JO Hambro Capital Management. "It is unlikely that the fund will open again. This only usually happens if the market underperforms over a long period of time." The Japan fund is a Dublin-based Oeic, which has around 40-60 holdings. The fund is benchmarked against the Japanese ...