Global Opportunities
Overview
JOHCM Global Opportunities is a high conviction, benchmark-unconstrained stock picking strategy that invests in both developed and emerging markets. Experienced fund managers Ben Leyland and Robert Lancastle, bring to bear the same successful investment philosophy and process that have established the JOHCM UK Opportunities Fund as a leading UK equities fund, focusing on quality companies that are capable of producing compounding growth over the long term.
Competitive Advantage
The JOHCM Global Opportunities strategy aims to deliver absolute returns with below average volatility and strong downside protection over the medium term.
Investment Team
Senior Fund Managers, Ben Leyland and Robert Lancastle co-manage the JOHCM Global Opportunities strategy with Ben serving as the lead. They are supported by a dedicated global analyst, Jasmeet Munday.
Investment Philosophy & Process
Ben and Robert believe the equity market consistently underestimates the value created by well-managed companies reinvesting cash flow internally at high rates of return to drive growth over the medium term.
The team’s investment process combines bottom-up fundamental and top-down thematic analysis of “following winds” and economic and investment cycles. They seek to generate high risk-adjusted returns by continuing to focus on high quality, cashflow generative companies with strong balance sheets that are capable of producing compounding growth over the long term. The team invest in strong and sustainable business models irrespective of sector.
Portfolio Construction
The portfolio is concentrated, with typically 25-40 holdings, and aims to have equal stock weightings. Portfolio construction is entirely independent of index considerations. New positions start at 1.5% - 2% and can grow to 4% as confidence grows/risk points are passed.
