View the article online at http://citywire.co.uk/wealth-manager/article/a735205
JO Hambro Capital boss stands firm in fund price war
by Eleanor Lawrie on Feb 25, 2014 at 09:54
This endorsement of performance fees is borne out by the company’s strong track record.
In the year to September 2013, assets under management doubled to £11.9 billion. Twenty one quarters of positive flows helped create net inflows of £1.9 billion, while post tax profit increased by 120% to £29.3 million.
‘We had a phenomenal year last year for performance,’ the chief executive said. ‘I would like to try and match it and make sure every fund beats its benchmark every single year. If you are beating your benchmark every year in the long term, that’s a very powerful performance record.’
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the funds
Look up the shares
Look up the fund managers
On the road
by James Phillipps on Jul 25, 2014 at 14:49