Fund house JO Hambro Capital Management (JOHCM) has recruited a pair of multi-asset managers with a view to launching an income portfolio for UK investors next year.
US-based Giorgio Caputo and Lale Topcuoglu are to join the firm's New York office to run a global multi-asset income fund. JOHCM has scheduled a US fund launch for later this year, and an additional product is expected to be made available to UK investors in 2018.
Mr Caputo, who will lead the global multi-asset team, previously worked for First Eagle Investment Management, where he helped develop and run the firm's Global Income Builder product. Ms Topcuoglu, who takes up her new role as head of credit in September, most recently worked as global head of alternative corporate credit for Goldman Sachs Asset Management and as co-manager of its Income Builder fund.
The team will use a value investing approach and seek to balance investors' need for income with the preservation and growth of capital.
Ken Lambden, JOHCM Group chief executive, said: "Retiree numbers are growing around the world. This strategy aims to address the increasing demand for income strategies globally. We view this new product as a sensible extension to our existing range of equity strategies."