UBS trio join with Fidante Partners to start new small cap strategy
The team will manage the Eiger Australian Small Companies Fund (the Fund) which will provide retail and institutional investors access to a portfolio of small cap stocks. Mr Wood said, “the decision to join Fidante Partners was a relatively easy one given Fidante’s fund manager support team, size, and track record of creating the right environment for boutiques to flourish.” The trio bring more than 60 years of combined investment experience and, while managing the UBS Australian Small Companies Fund together, delivered returns of 11.6% per annum (net of fees) over seven years, beating the S&P/ASX Small Ordinaries Index by 6.8% per annum*.
“It is the right cultural fit for us and importantly, Fidante has had outstanding success partnering with other leading boutiques in the small cap asset class,” Mr Wood said. Mr Gomes added: “In one sense Eiger is new in name only as we will be continuing the successful and proven active investment management approach we adopted while at UBS. Our focus is on using in-depth fundamental research to identify the smaller companies we believe will be the future leaders and that have been undervalued by the market. The Fund aims to be style unaware but will continue to focus on companies with strong quality franchise factors run by competent and honest management.”
Fidante Partners General Manager Nick Hamilton said he was delighted that the three experienced fund managers had decided to make Fidante their new home. “It is a great fit for Stephen, Victor and David who have a strong history of working together and are well known to many Australian investors. Fidante are pleased to support the continuation of an established and successful specialist small cap investment team,” Mr Hamilton said.
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Eiger Capital is an active boutique Australian equities investment manager specialising in small companies. Eiger is founded by Stephen Wood, Victor Gomes and David Haddad, who previously worked together at UBS Asset Management managing over $400m in small cap funds. The team employs a high conviction, style-neutral approach to investing.
Fidante Partners is an investment management company that partners with specialist asset management firms to deliver compelling opportunities to an international investor base. As at 31 December 2018, Fidante had approximately $56.3 billion of funds under management. Fidante Partners is part of the Challenger Group.