Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

JO Hambro Capital frees AAA-rated Savvides to focus on UK Dynamic

JO Hambro Capital frees AAA-rated Savvides to focus on UK Dynamic

JO Hambro Capital Management (Johcm) has rearranged the fund manager line-ups across its UK equity funds in order to allow Citywire AAA-rated manager Alex Savvides to focus on his top performing UK Dynamic fund.

The changes, which took place at the end of 2013, mean Savvides is no longer support manager on the Johcm UK Growth fund.

This fund continues to be run by Citywire AA-rated manager Mark Costar.

Savvides (pictured) is replaced on this fund by fellow Citywire AAA-rated manager Vishal Bhatia, who, in turn, relinquishes his role as a support manager to Savvides on the Johcm UK Dynamic fund.

Analyst Tom Matthews, who joined JO Hambro in November 2013, will now serve as support to Savvides on the €135 million fund.

Speaking to our sister publication Citywire Global, a spokesperson for JO Hambro said: ‘As a result of an internal reorganisation, Vishal Bhatia was promoted to the number two manager for the Johcm UK Growth fund, a role previously held by Alex Savvides.

‘Alex now dedicates all his time to the management of the UK Dynamic Fund.‘

In his most recent fund update, Savvides said he had taken the Johcm UK Dynamic fund onto a higher conviction footing, having cut 10% of his holdings.

The Johcm UK Dynamic fund returned 48.6% over the three years to the end of January 2014. This compares with a 27.65% rise by its Citywire benchmark, the FTSE All-Share TR, over the same period.

The Johcm UK Growth fund returned 43.12% over the same period against the same benchmark as the firm’s other UK equity fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Thomas Miller explains its post-restructure plans

Profile: Thomas Miller explains its post-restructure plans

Thomas Miller Investment’s (TMI) head of wealth Matt Phillips has strong opinions about many things

Wealth Manager on Twitter