Shareholders were notified today that the Board of Trustees of JOHCM Funds Trust has approved the liquidation of the JOHCM Global Income Builder Fund and JOHCM Credit Income Fund.
The liquidations are scheduled to take place on or about May 26, 2023 (the “Liquidation Date”). Effective March 24, 2023, shares of the Funds will no longer be available for purchase by new or existing shareholders. Any shares of the Funds outstanding on the Liquidation Date will be automatically redeemed on that date.
This decision was reached as the result of the regular management of J O Hambro products and that neither fund has gathered sufficient assets to be commercially viable. As we look to the future, we do not see this situation changing. The investment team will depart J O Hambro as a result of these changes. There is no impact to any other JOHCM strategies or investment teams.
Download a copy of the press release here.
About Perpetual
Perpetual Limited (“Perpetual”) is an ASX listed (ASX:PPT) global financial services firm operating a multi-boutique asset management business, as well as wealth management and trustee services businesses.
Perpetual owns leading asset management brands including Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW.
Perpetual’s private wealth business services high-net worth clients, not for profits, and small businesses through brands such as Perpetual Private, Jacaranda Financial Planning and Fordham.
Perpetual’s corporate trust division provides services to managed funds, the debt market and includes a growing digital business, encompassing Laminar Capital.
Headquartered in Sydney, Perpetual services its global client base from offices across Australia as well as internationally from Asia, Europe, the United Kingdom and United States.
About J O Hambro Capital Management (JOHCM)
JOHCM is a boutique investment management business with offices in London, Prague, Singapore, Boston, New York and Berwyn, PA. It manages $27.6 billion of assets (as of December 31, 2022) across Global/International, Emerging Market, U.K., European, Asian, and a multi-asset strategy. JOHCM manages investment strategy capacity in order to promote market-leading portfolio performance.
ENDS
For more information, please contact:
Media
Patrice Kozlowski, DAI Partners
Mobile: +1-917-215-4010
Email: kozlowski@daipartnerspr.com
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