In this episode of Relative Return, host Laura Dew speaks with Andrew Mitchell, director and senior portfolio manager at Ophir Asset Management, about why he loves working in fund management and the lessons he's learnt in a decade of running a firm.

Listen as they discuss:

• His previous career at the Treasury.
• The challenging divide between running a business and managing portfolios.
• The importance of manager alignment and backing your own funds.
• Not "sweating the small stuff" when it comes to portfolio decisions.
• Opportunities in small-cap equities.