Small Cap Growth

A long-only, capital appreciation focused, small cap growth equity strategy invested exclusively in companies displaying profitability to build a diversified, high-conviction portfolio of 40-55 stocks with market capitalizations generally between $200 million and $7 billion.

The objective of the Small Cap Growth strategy is to participate in up-markets and protect in down-markets in order to outperform its Russell 2000 Growth Index over a full market cycle and at lower levels of risk, as defined by the standard deviation of returns.


Profitability provides tangible evidence of the viability of a company’s business model, increasing the probability of sustainable earnings growth and price appreciation

The use of traditional research and valuation metrics is more insightful and reliable when applied to profitable companies, compared to the speculation necessary when analyzing unprofitable enterprises


DISCIPLINE: We only buy the stocks of companies that are profitable on a trailing 4-quarters basis

JUDGEMENT: Proprietary bottom-up research/stock selection process; portfolio managers also serve as analysts

RESULTS: Absolute return focus with upside participation, downside protection in a low turnover portfolio of carefully selected stocks