Edinburgh-based Nettle Capital Management LLP has become one of the first managers to receive FSA authorisation for a UCITS IV fund.
Edinburgh-based Nettle Capital Management LLP has become one of the first managers to receive FSA authorisation for a UCITS IV fund. Due to launch 3 November 2011, the TB Nettle European Micro Cap Fund will offer investors exposure to a range of growth opportunities rarely featured in other portfolios: the firm specializes in Micro Cap investing, which targets stocks with a market capitalisation of less than EUR250million. The boutique was established this year by David Walton and Frank Rushbrook. It is hoped that GBP20million will be raised for the Ucits fund. Commenting on the launch, Walton was quoted on FundWeb as saying that both he and Rushbrook felt “some frustration” and weren’t always able to buy small companies, which often had the best growth potential, for the funds they managed.
Additionally, T Bailey has been appointed as Authorised Corporate Director and administrator to the fund manager. Commenting on the decision, Rushbrook, said: “Their pragmatic but thorough approach to problem solving is instrumental in the smooth launch of the fund. Our main consideration has always been for the shareholder, and we were left in no doubt that their needs would be more than adequately looked after by T Bailey’s experienced and helpful administration team.” Nettle is now currently engaged in marketing the fund prior to its 3 November launch.
