Small cap veterans launch new fund
Small cap veterans Chris Prunty and Tony Waters have emerged at the centre of a new fund launched today.
Prunty and Waters, formally with Ausbil Investment Management, have launched QVG Capital and the QBV Opportunities Fund which will invest in smaller Australian listed companies and target high net worth individuals and institutions.
According to Prunty and Waters, the objective is to deliver strong absolute returns by investing in stocks outside the S&P/ASX 100.
The pair bring plenty of experience, having held key roles at leading funds management companies Ausbil Investment Management and Investors Mutual, most recently having spent seven years as portfolio managers of the award-winning Ausbil Micro Cap Fund.
Applications for the fund are open with a launch date of 1 September and QVG believes it is well placed to make investment decisions post the August reporting season with Waters saying the release of full year results would allow a good look under the bonnet to find the companies which had quality, value and growth characteristics.
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
As private markets gain traction in Australia but only a limited pool of talent is available, three recruiters explore whether fund managers should consider looking overseas to find top talent.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
