J O Hambro Capital Management (JOHCM) has appointed portfolio managers Giorgio Caputo and Lale Topcuoglu to spearhead a global multi-asset income investment strategy.
A US mutual fund launch is scheduled for Q4 2017 and a global income builder fund is expected to launch in Q1 2018, the latter which will be marketed to UK and European investors via a Dublin-domiciled OEIC fund, subject to regulatory approval.
Mr Caputo, who will lead the global multi-asset team, is based New York office. He was most recently employed as portfolio manager and senior analyst by First Eagle Investment Management, where he helped develop and launch the firm’s global income builder strategy and was a co-manager of the First Eagle Global Income Builder Fund.
Ms Topcuoglu is also based on New York and will be head of credit. She will join JOHCM in September after a 17-year career with Goldman Sachs & Co. and Goldman Sachs Asset Management, where she was most recently global head of alternative corporate credit and co-manager of the Goldman Sachs Income Builder Fund.
The global multi-asset team will also have access to JOHCM's existing 35 investment professionals, with additional team hires anticipated over time.
The team will seek income-generative securities across equity and fixed-income markets worldwide. The new strategy will focus on balancing investors’ need for current income with the preservation and growth of capital in inflation-adjusted terms.
Ken Lambden, JOHCM group chief executive, said: "Retiree numbers are growing around the world. This strategy aims to address the increasing demand for income strategies globally. We view this new product as a sensible extension to our existing range of equity strategies."
Capacity has been set at $10 billion, at which point JOHCM will take steps to limit additional inflows in order to protect the interests of existing investors.
JOHCM is a UK-headquartered active asset management company managing £29.2 billion of assets (as at 30 June 2017).