In response to your question on the CSL thread, the micro-cap manager (nano-cap, more like it) to whom I've given some of my family's capital to invest on our behalf is:
It's still a really small fund, with the investment company capitalised at less than $10m.
It is run by a conservative and under-stated individual who applies a disciplined, true-to-label investment process which includes a great deal of attention to downside risk, the 5.5 year track record is, like any micro-cap portfolio, volatile from one month to the next, but over time the performance has been very impressive:
If you are looking for something a bit further away from the really small end, then there is this manager who I think is highly credible and who invests away from conventional wisdom backed with great analytical rigour:
What's more, the alignment of the managers interests with those of the investors in his fund is unequivocal, given he operates on the basis of No-Outperformance; No-Fees-Charged, which is exceedingly rare in an industry known for its rapacious gouging of unwitting clients, even while delivering poor investment outcomes.
As can be seen, despite two tough back-to-back performance years in 2018 and 2019, the investment manager's long-term track record has it beating the market by 474bp pa.
One of these investment managers is distinctly micro-cap focused, the other invests in a mix of micro-, small- and mid-caps.
But both of them invest with conviction and discipline based on proven investment processes.
Their respective outperformance results bear testimony to this.
