Lion taming micro caps has sky high limits
If two managers launch funds which seek gains in companies too small to even qualify as small caps within 10 days of each other, then investors should feel confident the world is on track to recovery.
If two managers launch funds that seek gains in companies too small to even qualify as small caps – within 10 days of each other – then investors should feel confident the world is on track to recovery.
Last week, US specialist investment firm Thomson Horstmann & Bryant (THB) and Sydney-based investment consultant Brookvine combined to launch the THB US Micro Cap Fund, which will forage for value in the deep pool of North American companies worth less than $US750 million ($842 million).
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