American investment firm Brown Advisory has launched its new US Smaller Companies fund to the UK market.
Managed by Tim Hathaway and Chris Berrier, the Dublin-domiciled UCITS III fund has been seeded with $29m and will mirror the firm’s $430m domestic strategy.
The fund will hold between 40 and 60 stocks, with the firm aiming to exploit “inefficiencies” in the US small-cap market.
“We believe we set ourselves apart from other US smaller company funds in Europe through our growth tilt, more concentrated portfolio and unique ability to leverage a wide network of research sources including private equity investors,” Brown Advisory London director Logie Fitzwilliams says.
“These factors, combined with the current environment, offer some strategic opportunities for investors wishing to hold US equities as part of a diversified portfolio.”
The fund has a $5000 minimum investment, with 1.5% annual management charge.
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