Active asset management company J O Hambro Capital Management (JOHCM) will follow the same path traced out by Unigestion,Vanguard, JP Morgan and other asset managers by announcing it will pay for all investment research on behalf of its clients in line with the forthcoming implementation of Mifid II coming into effect on 3 January 2018.
Ken Lambden, JOHCM group CEO, said: “As a high conviction active fund manager, our proprietary research is key to delivering investment outperformance for our clients, but we also value access to selected research generated by external parties. The new Mifid II regulations increase the level of transparency around the cost of research services, and we feel that under these regulations the direct payment of this cost is in the best interests of our clients.”
The funding of JOHCM’s external research is expected to be approximately £5m per annum.
JOHCM managed £29.2bn of assets as of 30 June 2017.