JO Hambro has announced its succession plan for the £1.2bn UK Dynamic strategy following departing manager Alex Savvides’ decision to join Jupiter.
The firm’s UK growth team will take charge of the fund in a move that sees Vishal Bhatia and Mark Costar replace Savvides as portfolio managers on the UK Dynamic strategy.
Meanwhile, Tom Matthews also joins as a portfolio manager on the UK Dynamic fund.
The current analyst team will remain the same.
Jupiter announced last week (9 January) that it had appointed Savvides to head the £2.1bn Jupiter UK Special Situations fund following the departure of current manager Ben Whitmore.
He will join Jupiter by autumn 2024.
The £159m JOHCM UK Growth fund has returned 27.2% over the last five years compared to the sector average of 23.5%, according to FE Fundinfo.
Andrew Parry, JO Hambro’s head of investments, said: “We are delighted to bring together two of our leading investment teams to manage our market leading UK equities strategies. Our new teams offer clients deep expertise and continuity, providing stability to our clients.”