Newly established boutique fund manager, Lennox Capital Partners has launched its small-cap strategy – the Lennox Australian Small Companies Fund – available to both retail and institutional investors.
Established in March 2017, Lennox Capital Partners is majority owned by founding principals, James Dougherty and Liam Donohue. The pair had both worked at Macquarie for over a decade, managing the successful Macquarie Australian Small Companies Fund since January 2012. It is the latest boutique investment manager to be announced under Fidante Partners, the boutique funds arm of Challenger Limited.
The Fund will be seeded by the founders and Third Link Growth Fund, an Australian fund of funds founded by industry veteran Chris Cuffe.
Commenting on the launch, Mr. Dougherty and Mr. Donohue said they were excited to be bringing the new Fund to market.
“Investing in Australian small caps can offer the potential for strong returns from high quality and fast growing companies, in addition to diversification from traditional index heavy weights. Our flagship small cap strategy offers long term investors a great opportunity to benefit from this vibrant and growing part of the Australian economy,” said Mr. Donohue.
Mr. Dougherty continued: “Our structured process and focus on company quality have enabled us to successfully identify compelling small cap investment opportunities over a long time period.
“We invest in businesses with earnings that are forecastable and real. This approach aims to protect investors from the volatility associated with small companies while capturing the strong returns that are available in this segment of the equity market.”
Lennox Capital Partners’ active bottom-up approach to investing utilises both qualitative screening and in-depth fundamental research to identify investment opportunities. The investment process includes rigorous, deep-dive research ‘on the ground’.