Tom O’Hara will leave Janus Henderson Investors to head the newly created European equity team at GAM Investments, the firm has announced this morning.
He will be moving in the coming months together with Jamie Ross, O’Hara’s co-manager at the helm of the Henderson European Trust, and with research analyst David Barker.
O’Hara has been co-manager on the trust since 2020, working alongside former veteran fund manager John Bennett, who retired in the third quarter of 2024 to focus on overseeing Rangers Football Club.
At Janus Henderson, O’Hara and Ross managed more than €6.5bn in European equity funds – both for institutional and retail clients globally. In the five years of O’Hara’s tenure, both the trust and the open-ended vehicle Janus Henderson European Selected Opportunities, which he has been co-managing with Tom Lemaigre, have outperformed their sectors and index, as the chart below shows.
Performance of vehicles against sectors and index during manager’s tenure
Source: FE Analytics
O’Hara said: “I look forward to contributing to the renaissance of GAM under new, long-term focused majority ownership.”
Elmar Zumbuehl, chief executive officer at GAM was confident the team’s track record and investment approach would lead to “excellent client outcomes”.
He said: “Attracting such exceptional investment professionals underscores GAM’s distinctive and attractive culture, our strategy, and long-term promise.”
Further details are still to be announced.