The TB Whitman Small Cap Growth Fund replicates the existing strategy of portfolios managed by Whitman for current clients.
Along with a group of private investors, the management team of London-based Whitman Asset Management bought out 100% of the equity to form an independent asset management firm.
The fund team will be led by Whitman chief investment officer Christopher Pease. He previously managed small cap funds at Sarasin & Partners and Henderson Investors. He will be joined by co-manager Joshua Northrop, who was previously a small cap specialist at Hargreave Hale.
The fund aims to seek long-term capital growth from investment in a portfolio of between 30-50 growth stocks in the smaller companies’ universe, typically with market capitalisations under £1.6bn. The predominant focus is on individual company analysis and selection
The offer period for the first fund will close on 8 December.
The asset manager said the fund (a UCITS OEIC) has already “received firm commitments” from investors of £15m. It is targeting £25m in the initial stages of the fund.
The fund will be available direct via Whitman, via T Bailey Fund Services or through the AllFunds, CoFunds, Aegon, AJ Bell or Hargreaves Lansdown platforms.
Araminta Le Flufy, CEO at Whitman Asset Management, said: “We are very excited by the early interest already shown by investors in the new Fund. The combination of Christopher’s track-record, small initial size of the fund and the established team at Whitman is a powerful combination. We believe the timing for this launch is right, with the current valuations of UK smaller companies attractive on a historic basis within an asset class where alpha is easier to find.”