Gresham House
Specialist asset management
Strategic Equity
Strategic Equity
Focused on small and mid-cap companies and fundamentals-based stock-picking, targeting the potential for attractive returns with low correlation to its peer group.
Our disciplined process leverages the fundamentals-driven attributes of private equity, and our highly-resourced team has access to specialist expertise via an extensive network derived from their private-equity heritage.
We have a genuine smaller company focus and believe this sets us apart from our competitors and helps to generate low correlation.
We also avoid benchmarking behaviours and cyclical risk wherever possible, adhering strictly to our investment process.
Key documents
Reasons to invest in our UK Multi Cap Income Fund
 |  |  |  | |||
| Stable income | Consistent top performance | Designed to diversify | Low volatility | |||
| Sustainable dividend cover through investment in profitable, high-quality, cash generative businesses. | Top quartile fund, outperforming the IA UK Equity Income sector* | Low correlation to its peer group, a diversifying source of income for your portfolio. A high-conviction portfolio, we avoid cyclicals. | Our fundamentals-focused investment style provides relative shelter from market volatility. The Fund currently has the second lowest volatility in the sector. | |||
*Source: Gresham House and FE Analytics, based on the IA UK Equity Income sector over five years since launch on 30 June 2017
Past performance is not necessarily a guide to future performance. Capital at risk.
Our approach
We focus on:
- Management – favouring high-quality, entrepreneurial teams
- Strategy – understanding how management are seeking to enhance strategic value
- Market opportunity – getting under the skin of the company’s addressable market and the dynamics likely to influence it
- Market position – assessing the company’s competitive advantages
- Financials – considering the profit and cash flow growth potential over the anticipated life of the investment, as well as quality of earnings and balance sheet strength
We interrogate potential stocks using proprietary research to evaluate the investment case and then assign a conviction score to each, based on the above fundamental components. This helps determine optimal weightings within the fund.
Our process
- Idea generation – drawing on a variety of sources, using our network of relationships
- Investment universe – we screen by size, sector, financial strength and valuation
- Target list – ideas reviewed weekly to identify management teams to meet
- Investment appraisal – we provide insight to the appraisal process through our smaller-company focus and private-equity techniques
- Conviction score – using a quantitative output, we rate conviction and use it to determine relative weightings in the fund
Webinar: UK markets – optimistic realism
The current challenges facing the UK economy and equity markets are well-documented.
However, what people are not talking about are the structural themes that remain – and that we believe will continue to grow.
These are the areas providing fund managers Ken Wotton and Brendan Gulston with ample opportunities to deploy capital.
In this webinar they share their insights on these evolving themes, as well as an update on recent portfolio activity and performance.
How to invest
Prospective investors can purchase shares directly from Link Fund Solutions Limited or through a professional adviser or other intermediary. Application forms can be obtained from Link Fund Solutions.
www.linkfundsolutions.co.uk >>
investorservices@linkgroup.co.uk
0345 922 0044
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Investor information
View the key investor information for this fund.
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