The new fund has a capacity of $5bn and is designed to help promote long-term investment and bolster UK-based investment into the United States.
The news comes after the UK-based company recently opened its second investment office in Boston and hired three new portfolio managers, Thorsten Becker, Arun Daniel and Vincent Rivers, and trader Eric Yi, earlier this year.
The US small and mid-cap team will apply the fund managers’ experience in a particular sector of research and portfolio management.
Chief executive of J O Hambro Capital Management (JOHCM), Gavin Rochussen, said the fund “increases the currently limited options for UK-based investors to invest in US-listed equities via an actively-managed fund.”
He believes that with the right investment expertise to assist underweight small and mid-cap US funds, “the trailblazers of corporate America can be found”.
