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.