John Wood, lead manager of the JOHCM UK opportunities fund, announced his retirement from the investment management industry on 30 September 2017.
Rachel Reutter and Michael Ulrich, co-managers and well-established members of the JOHCM UK opportunities team, will assume lead responsibilities for the fund and all segregated portfolios, with Wood continuing as normal until the end of September to ensure an orderly transition.
As experienced investors who have served on the UK opportunities team from 2012 and 2015 respectively, Reutter and Ulrich will maintain the same investment philosophy and approach successfully followed by the UK opportunities team since the fund was launched in 2005, namely investing in long-term compounding growth stocks with strong franchises and robust balance sheets which are trading on attractive absolute valuations. Todd King will continue to provide analytical support to the team.
Ken Lambden, JOHCM group CEO commented, “John has generated excellent returns for our clients over the past 11 years. He has always invested with conviction and been prepared to swim against the tide. We thank him for his tremendous contribution.
John has built a strong team around him. Rachel and Michael are highly capable, experienced investors, and we are confident in their abilities to continue the good work that John led.”
John Wood added, “After 26 years in a demanding industry, I am looking forward to a fresh chapter in my life. I am grateful for the support given to me by clients over the years, but I will leave JOHCM knowing that the portfolio is in safe hands with Rachel and Michael at the helm.”