Investment Approach

• Invests in European small- and mid-cap companies capable of sustaining above-average, long-term earnings growth and selling at reasonable prices.
• Benchmark-unconstrained approach exploits diverse opportunities across Europe.
• Exposure to companies at different stages in the growth cycle offers the potential for more consistent performance across market cycles.
• Long-term investment horizon emphasizes bottom-up stock selection as the primary source of excess return.
• Dedicated London-based research team seeks companies with:
  • Attractive industry structure.
  • Compelling business models.
  • Strong growth prospects.
  • Solid management teams.
  • Reasonable valuations.