Fund manager JO Hambro Capital Management has re-opened two funds, including one closed to new investors in 2013.

JOHCM's UK Dynamic fund and UK Equity Income fund were previously only available to existing investors.

The large funds, while closed to new investors, continued to be actively managed for existing investors.

The JOHCM UK Dynamic fund was soft closed in December 2019 and the JOHCM UK Equity Income fund closed to new investments in October 2013.

The firm says the current UK market environment and its positive outlook for the asset class make it the right time to re-open the funds, both of which have seen multi-year redemptions in recent years.

The £1.54bn JOHCM UK Dynamic fund aims to profit from backing positive corporate change. The fund focuses on restructuring and recovery plays, cheap or hidden growth and other special situations.

The £2.52bn JOHCM UK Equity Income fund, managed by Clive Beagles and James Lowen, buys stocks it believes will yield more than the FTSE All-Share Index on a prospective basis. Stocks must also have the potential for capital appreciation. JOHCM says the fund has a naturally contrarian style.

Tjeerd Voskamp, JOHCM’s head of sales and distribution - UK, Europe and Asia, said: “We are delighted to once again be able to offer these top performing funds to a broader group of investors. 

“UK equities have struggled since the Brexit vote in 2016 as allocations to the asset class fell but we feel the tide may be about to turn. With undemanding valuations, increasing M&A activity and a positive macro backdrop, our fund management teams are very positive.”