Church House Investments is launching a Human Capital fund on 15 May to diversify its client portfolios from the concentration risk in the US and global equity indices.
The fund will be in the IA Global sector, and will be a focused fund with 20-25 holdings in developed markets only. It will target companies with a minimum 20% annual return on investment and has an $8bn (£6.4bn) average market cap.
The fund will be managed by fund manager, Fred Mahon, who joined Church House in 2019 as co-manager of the Church House UK Equity Growth fund and the UK Smaller Companies fund.
Mahon said: “I admire businesses such as Halma and Constellation Software, who have applied human capital principals to an outstanding effect in public markets.
“The opportunity to build a portfolio – focusing specifically on these compounding businesses in markets otherwise dominated by a small band of mega caps – provides our clients with a unique way to harness entrepreneurial growth at sensible valuations.”
