Australians swoop on JO Hambro Capital Management

BT Investment Management of Australia has agreed to buy the asset manager for £209m

JO Hambro Capital Management has been snapped up by an Australian predator in the fourth asset management deal in a fortnight. The sale follows a huge rise in assets under management at JO Hambro in the last two years.

BT Investment Management of Australia agreed to buy JO Hambro for £209m after its assets under management rose from £1.6bn to £7.1bn over the two years to June, following the top quartile performance for seven out of its eight funds over three years.

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