Micro Cap Value
The investment approach is driven by bottom-up value analysis with an emphasis on uncovering special situations and undervalued investments. Money is managed on the premise that internally generated proprietary research and a focus on smaller capitalization companies not generally followed by Wall Street will produce above average returns over a market cycle. The investment team’s process focuses on assessing value in relation to earnings power, emphasizing free cash flow, and evaluating management philosophy, capability, and commitment. The market cap universe for the strategy is defined as the market capitalization range of the Russell Microcap® Index over the prior twelve months. The strategy is managed in a tax efficient manner.
Donald Wang, CFA
James Maxwell, CFA
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