BROWN Advisory has rolled out a US equity Smaller Companies fund to the European retail market.
The Baltimore-based independent investment firm, which opened its London office last month, launched the fund through its Dublin-based UCITS III structure. Managed by Tim Hathaway and Chris Berrier, the fund has been seeded with $29m and will mirror Brown Advisory's $430m domestic strategy. The US Smaller Companies fund aims to generate above-average returns by investing in under-valued US small caps. The portfolio comprises 40-60 companies diverse in characteristics, which boast above-average growth, sound management and favourable competitive positioning. The Brown Advisory small-...
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