View more on these topics

Brown Advisory announces US equity smaller companies launch

Brown Advisory has announced the launch of a US equity smaller companies fund under the management of Tim Hathaway and Chris Berrier.

The fund will be run through a Dublin-based Ucits III structure and will mirror the US investment firms $430m domestic offering.

The team has been given $29m of seeding money and will look to run a portfolio of 40 to 60 names by tapping into inefficiencies in the market.

The group, which opened its London office last month, believe its proprietary research coverage and network of venture capital and private equity relationships will give it a competitive advantage in the market.

Hathaway says: “The fund represents a natural evolution of Brown Advisory’s original small-cap equity strategy that was launched in 1994. The hallmarks of the portfolio have always been fundamental bottom-up stock selection, concentration of positions, and a long-term time horizon. While these attributes remain in place, the historical emphasis on the technology sector has been replaced with a more diversified stock picking strategy that leverages the expertise of the portfolio managers and 16-strong research team.”

Recommended

Facts of life

Until now, the Pensions Bill currently passing through the House of Commons has mainly been about two things.

HBOS targets expats with offshore arm

HBOS has launched Halifax International, an offshore savings arm for British expats. It is offering a variable web saver and a regular saver account denominated in sterling, euros or dollars.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com