New boutique manager launches small-cap fund
Newly established Australian boutique fund manager, Lennox Capital Partners has launched its small-cap strategy, the Lennox Australian Small Companies Fund, which will target both retail and institutional investors.
The firm was established in March by founding principals, James Dougherty and Liam Donohue, who previously managed the Macquarie Australian Small Companies Fund.
It would be the latest boutique investment manager to be announced under Fidante Partners, the boutique funds arm of Challenger Limited.
According to Lennox, the fund would be seeded by its founders as well as Third Link Growth Fund, an Australian fund of funds founded by industry veteran Chris Cuffe.
The fund would be investing in “businesses with earnings that are forecastable and real”, with the approach aimed to offer investors protection from the volatility associated with small companies.
“Investing in Australian small caps can offer the potential for strong returns from high quality and fast growing companies, in addition to diversification from traditional index heavy weights,” Donohue said.
“Our flagship small cap strategy offers long term investors a great opportunity to benefit from this vibrant and growing part of the Australian economy.”
The company’s investment approach would utilise both qualitative screening and in-depth fundamental research to identify investment opportunities.
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