Castle to launch European fund
Russell Hooper’s boutique funds management group Castle Capital Management is to list an investment fund on the Australian stock exchange specialising in Euro-pean small cap equities.
Russell Hooper’s boutique funds management group Castle Capital Management is to list an investment fund on the Australian stock exchange specialising in Euro-pean small cap equities.
Eurogrowth is the first fund for Castle Capital which recruited Hooper as chairman earlier this year, following his departure from the top job at Advance Asset Man-agement.
Hooper says Eurogrowth is the first opportunity for Australian investors to invest in a listed diversified portfolio of European small cap stocks. Eurogrowth defines small caps as stocks with market capitalisation of up to A$1.5 billion.
The investments will be managed by UK based investment manager, Kempen Capital Management, a subsidiary of the Amsterdam-based Dutch bank, Kempen & co. Castle Capital Management (CCM) will undertake the day to day running of Eurogrowth.
Eurogrowth is open to investors until June 16 2000. A total of 200 million shares in Eurogrowth will be offered at $0.50 per share.
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