Chilton Small Cap European UCITS Fund
The Chilton Small Cap European UCITS Fund is a long/short equity strategy focused on companies in developed Europe with a market cap of less than 3bn EUR.
The strategy invests in listed smaller companies across a diverse range of sectors, both long and short, where there is a mismatch between the market’s perception, and corporate reality, of these companies. At the smaller end of the market there is greater alpha opportunity caused by the distinct lack of research coverage.
The investment process involves deep fundamental bottom-up research, resulting in a high conviction portfolio that has been refined since 2007. The core pillars of stock selection involve assessing management, analysing cashflows and identifying catalysts. The stocks selected for the resulting portfolio can be categorised into two groups – as either strong growth compounders with high ROCE, or undervalued quality growth franchises.
The fund generally shorts single stocks, does not use leverage and seeks to provide risk-adjusted returns with lower volatility than the market. Risk management at both the single stock level and the portfolio level is an integral part of the investment process. This is not a trading fund and holding periods are typically over 1 year.
Chilton Small Cap European UCITS Fund
Jamie Carter joined Chilton Investment Company in 2020, prior to which he worked at S.W.Mitchell Capital from 2006. Jamie has managed a Small Cap European long/short strategy since November 2007. Prior to S.W.Mitchell Capital Jamie worked at J.O.Hambro Investment Management (now called Waverton IM) 1997-2006 where he managed private client portfolios and researched US companies with a particular emphasis on TMT sectors.
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Chilton Small Cap European UCITS Fund
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