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.

Related Fund Managers

Alex Savvides
Alex Savvides
74/161 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 19.32%
Mark Costar
Mark Costar
141/161 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 8.42%
Vishal Bhatia
Vishal Bhatia
142/161 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 8.42%
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter