Gresham House
Specialist asset management
Strategic Equity
Strategic Equity
A high-conviction, concentrated fund with a dedicated focus on smaller UK companies and fundamentals-based stock picking, aiming to deliver risk-adjusted returns with low correlation to its peer group.
The fund targets capital growth over the long term (in excess of five years) as well as consistent annual returns from a quality and fundamentals-focused investment strategy.
Our experienced team identify niche growth businesses with strong long-term financial performance, established management teams and a sound market position to deliver future growth potential.
Key documents
Reasons to invest
We believe there is significant opportunity in the segment of the market between £250mn and £1bn market cap at point of investment, because:
- A lack of research provides opportunities for stock-pickers
- New ideas are continuously unearthed within an investment universe that is changing constantly
- It potentially offers discounted valuations due to companies being less well-known and with a perception of high risk
Our approach
- Highly selective investment process that utilises a ‘bottom-up’ fundamentals driven approach
- Focus on established profitable growth businesses avoiding loss makers and early stage business model risk
- Focused on quality niche companies that are potentially well positioned to grow despite economic uncertainty
Our process
A structured and disciplined process designed to insulate us from macro and external factors that might affect companies’ performance.
There is significant opportunity in the segment of the market between £250m and £1bn at point of investment, which our process seeks to unlock:
- Idea generation – tapping into a variety of sources through our network of relationships
- Investment universe – we screen by size, sector, financial strength and valuation
- Target list – ideas reviewed regularly to identify management teams to contact
- Investment appraisal – providing insight to this process through a smaller-company focus and private-equity techniques
- Conviction score – rating conviction and using it to determine relative weightings
High five | Webinar replay ▶️
Watch our latest webinar as Ken Wotton, Brendan Gulston, and Cassie Herlihy reflect on the past five years, highlighting the team’s fundamental, bottom-up approach that focuses on quality companies with good growth prospects.
Portfolio insight
In our portfolio insights series the Investment Team sit down with Chief Executives from some of the portfolio companies we invest in, where they discuss the impact of our investment in the company.
Brooks Macdonald plc
Brooks Macdonald plc is an investment management firm, offering a range of investment management services to private high net worth individuals, pension funds, institutions, and trusts.
Brooks Macdonald plc is a current SEO portfolio holding as at May 2024.
Ricardo plc
Ricardo plc is a global strategic, environmental and engineering consultancy at the intersection of transport, energy and global climate agendas, solving the most complex issues to help achieve a safe and sustainable world.
Ricardo plc is a current Smaller Companies portfolio holding as at May 2023.
Inspired plc
Inspired plc is a leading technology-enabled provider of energy and sustainability solutions that allow UK and Irish businesses to transition to net-zero carbon and manage their response to climate change.
Inspired plc is a current Smaller Companies portfolio holding as at March 2023.
Medica
Medica is the market leader in teleradiology, providing hospitals with support to address serious capacity issues in both urgent and non-urgent reporting pathways.
Medica is a current SEC portfolio holding as at December 2022.
Key risks
- The value of the Fund and the income from it is not guaranteed and may fall as well as rise. As your capital is at risk you may get back less than you originally invested
- Past performance is not a reliable indicator of future performance
- Funds investing in smaller companies may carry a higher degree of risk than funds investing in larger companies. The shares of smaller companies may be less liquid than securities in larger companies
How to invest
Prospective investors can purchase shares directly from Waystone Management (UK) Limited or through a professional adviser or other intermediary. Application forms can be obtained from Waystone Management (UK) Limited.
investorservices@waystone.com
0345 922 0044
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Investor relations queries
Waystone Management (UK) Limited
investorservices@linkgroup.co.uk
0345 922 0044
