Bestinvest says
Giles Hargreave is a pragmatic, highly experienced manager with a keen eye for value and growth opportunities across the small cap market. He benefits from a large team who provide proprietary research amongst smaller companies which are often overlooked by the broking community. The lower level of assets in the fund, coupled with the large number of holdings, provide it with reasonable flexibility in an illiquid part of the market. Performance has been strong across all market conditions.
The fund will be actively managed on a total return basis and will typically target UK Smaller Companies with a market capitalisation of £100 million or less. The investment process is bottom up driven and value aware. However, the team review the macroeconomic environment monthly and at times the portfolio may have some thematic orientation, including modest style tilts. Ideas are generated internally, via the broker community and through other external contacts. Hargreave is supported by a team of 8 - the size of the team enables him to monitor a large percentage of the small cap universe. The team carry out all their own analytical work on companies, which includes analysis of financial statements and meeting with company management. Hargreave controls all final investment decisions.s.