Premier RENN US Emerging Growth fund manager Scott Douglass can understand why investors find his vehicle's name a little confusing.
Despite being run out of Dallas, the fund mainly invests in US-listed companies which operate outside of North America.
Douglass, one of four mangers on the fund, says approximately 70% of the portfolio will be invested in private companies which intend to go public within roughly two years.
“This is not a play on the dollar or the US economy, about 40% is invested in China,” he says.
“The fund is totally bottom up. It is all about finding the right opportunity at the right time. We were interested in getting a solar company, and we have been looking for one for about three years, and it is only now we found an opportunity."
Domiciled in Guernsey, the Renaissance Capital Group run fund is chiefly a target for large wealth managers and multi-manger offerings.
It typically invests in companies with a market-cap of less than £100m with an objective to outperform the US Russell 2000 small cap index.
The fund has returned 42.9% in sterling terms since launch on 13 April 2006 (to 29 February 2008).
Meanwhile, Premier Asset Management has re-launched its Private Client Portfolio service.
Targeted at the wealth management market, the multi-asset portfolios combine conventional and capital protected assets.
Premier says it has a “benchmark aware, not benchmark constrained” approach to portfolio construction.
A unique aspect of the service is the ability to use structured products usually available to institutional investors.
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