Acuity Capital unveils small cap offering

Launched this month, the fund will be managed by Acuity partner Judith MacKenzie and managing partner Nick Ross. It will invest in around 25-30 companies that predominantly have a market capitalisation of under £150m at the time of investment. MacKenzie outlined how poor sentiment towards smaller companies has created opportunity for investment. "Even the good companies that have performed relatively well are lacking support to a certain extent and therefore valuations are much more aggressive," she said. "The situations that we were looking at which were good value and cash genera...