Australian asset management group BT Investment Management is buying London-based boutique asset manager JO Hambro Capital Management for £209 million. The acquisition comprises £7.1 billion of assets under management in actively managed funds and segregated mandates, together with a 9.9% interest in JOHCM’s private client business.
Formed in 1993, JOHCM has developed a strong reputation as a boutique investment manager in UK, European, Japanese, global and emerging markets equities. Assets under management have rocketed over the past two years, from £1.6 billion in June 2009 to over £7 billion. The firm has 81 employees, most of whom are