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
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

1 Comment Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter