European Small Cap Equities
The investment team seeks to invest in mispriced high-quality companies that offers long-term compunding potential in the small cap universe.
Business quality
- Companies that generate a high rate of return on the invested capital – reinvestment/allocation of capital
- The market underestimates the compounding effect of high return companies with a strong moat
- High quality companies have lower risk – lower probability of financial distress, fewer profit warnings
- ESG considerations are integrated into our quality assessment
Undervaluation
- Value investing works and is driven by overreaction to both positive and negative fundamentals
- Value principles combined with quality gives an attractive risk[1]adjusted return - avoiding value traps, low quality companies
Portfolio Managers
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Alexander Kokfelt
Chief Portfolio Manager
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Jonas Linding Fredberg
Senior Portfolio Manager
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Christopher Kjær Hansen
Portfolio Manager