The extreme valuations for small cap tech firms, particularly start-ups, will unwind in the last q...
The extreme valuations for small cap tech firms, particularly start-ups, will unwind in the last quarter leaving many funds badly exposed, according to Capel Cure Sharp's smaller companies fund manager Simon Smith. Smith has been running the £236.8m frAA-rated CCS UK Smaller Companies Fund since 1991 from CCS' Birmingham office. He believes that technology, media and telecoms, which makes up his largest overweight positions compared to the index, will continue to drive performance, however the market will increasingly demand to see those valuations justified. Because of this Smith said hi...
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