Christopher Lees/ Nudgem Richyal
Christopher Lees and Nudgem Richyal from J O Hambro enter with a A rating for their three year risk adjusted performance on the JOHCM Global Select Retail GBP fund. Over this time they have generated returns of 35.95% in the fund.
The fund has a global remit and during October most of their stock picks reported good results. However the main detractors were within the technology sector where they are overweight, which was the worst performing sector with holdings in Apple, Google and Checkpoint suffering.
Checkpoint is seemingly in the beginning stages of structural decline in market share and as a result the duo have recently sold the stock.
Another disappointment for the managers was Softbank, a Japanese telecommunications and Internet corporation, which fell more than 30% on its surprise acquisition of Sprint in the US. However the stock is recovering and has just reported good results and therefore the duo is sticking with the stock.