Andrew Smith, Head of Smaller Companies and Microcaps from Perennial Value, presented to our Morgans network recently. Andrew shares his views on the current market and shares some stock ideas.
Andrew joined Perennial in 2008 after starting his career on the sell side as a well regarded small caps analyst. In 2017 he became Head of Small Companies and Microcaps and has been instrumental in developing the Microcap Opportunities Trust and the Private to Public Opportunities Fund. The Microcap Opportunities Fund has achieved cumulative returns, net of all fees, of 76.4% since inception. Not only has this fund provided strong returns but it also gives investors access to a high percentage of the market’s deals, given Andrew’s and Perennial Value’s strong presence in the market, especially in small and microcap stocks.
Andrew will also discuss the Private to Public Fund that seeks to create strong returns by investing in private, well priced opportunities and assisting these businesses to market over a longer period of time.