BWD UK Micro Cap fund nears £20m cap level

BWD Rensburg's UK Micro-Cap Growth fund is approaching the £20m level at which the group intends to cap the portfolio. Launched in October 2002, Stuart Sharp's fund invests at the smallest end of the market and BWD feels its opportunities would be hindered by exceeding this £20m limit. A major reason behind the launch was that, at around £30m, Mark Hall's BWD Aggressive Growth fund had become too large to access the micro-cap area of the market. The new fund was designed to invest in firms under the £100m market cap level. Having more than £20m in funds under management would mean tak...