SW Mitchell Capital LLP (SWMC) is launching a new fund under its recently established UCITS Irish umbrella, SW Mitchell Capital plc, subject to final approval from the Central Bank of Ireland.
The fund, which is due to launch on 1 June and will offer investors access to a long/short equity strategy focused on Small and Mid Cap European equities, will be managed by Jamie Carter, investment manager and partner at SWMC, the independent investment manager specialising in European equities.
Jamie has 14 years experience in investment management. Jamie joined SWMC in July 2006 and in November 2007 launched The SW Mitchell Small Cap European Fund, which has seen returns since inception of 70% to end of April 2011. Prior to joining SWMC, Jamie worked for J O Hambro Investment Management, researching US companies, with a particular emphasis on technology, media and telecommunications.
Commenting on the new fund launch, Stuart Mitchell, Founding Partner of SW Mitchell Capital LLP says: “The launch of our first UCITS product is a milestone for SWMC. We have seen growing demand from investors for access to absolute return strategies in the framework of a regulated, liquid and transparent structure. Our new UCITS fund now offers a broader range of investors access to Jamie’s outstanding track record.
“Further, the UCITS structure is being extended to our research-led product offering as a whole, and our broader established track record of many years of outperformance in European equities is now available to investors within this new framework.”
Jamie Carter, investment manager, says: “This new fund provides an opportunity for investors to access our long standing experience in the European small and mid cap sector. The team at SW Mitchell Capital has been researching this area for twenty years, and we have a wealth of knowledge and expertise built upon meeting companies face to face, and investing in the region, over these two decades.
“The sovereign jitters currently affecting the southern tier of Greece, Portugal and Spain have only a limited – or no – impact on the health of Europe’s corporate sector. However, many investment opportunities are significantly undervalued as a result. As a consequence, the region now offers exceptionally good value, and we see Europe as a highly attractive investment proposition.”
