Brown Advisory launches US small-cap fund

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, combin...