The median Australian small cap manager has outperformed the ASX Small Ordinaries consistently over the long term. Persistent operational and valuation leverage along with differentiated investment approaches creates this ongoing alpha opportunity. Small Caps have underperformed large cap peers in recent times however cyclical factors today and a rebound in domestic risk sets up for the reemergence in Australian Smalls. - David Aylward, Tribeca Investment Partners. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum