John Wood, lead manager of the active investment boutique J O Hambro Capital Management's (JOHCM's) £1.8 billion UK Opportunities Fund, has advised of his intention to retire from the investment management industry on 30 September 2017.
Rachel Reutter and Michael Ulrich, co-managers of the JOHCM UK Opportunities team, will assume lead responsibilities for the fund and all segregated portfolios, with Mr Wood continuing as normal until the end of September to ensure an orderly transition.
Having served on the UK Opportunities team from 2012 and 2015 respectively, Ms Reutter and Mr Ulrich will maintain the same investment philosophy and approach followed by the UK Opportunities team since the fund was launched in 2005, namely investing in long-term compounding growth stocks with strong franchises and robust balance sheets which are trading on attractive absolute valuations. Todd King will continue to provide analytical support to the team.
Ken Lambden, JOHCM group chief executive, commented: "John has generated excellent returns for our clients over the past 11 years. He has always invested with conviction and been prepared to swim against the tide. We thank him for his tremendous contribution.
"John has built a strong team around him. Rachel and Michael are highly capable, experienced investors, and we are confident in their abilities to continue the good work that John led."