This Small Cap Shop Is Back, With Two More Funds
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Friday, September 04, 2015

This Small Cap Shop Is Back, With Two More Funds

A small cap equity mutual fund boutique is back, with a pair of new products and a third on the way.

Eric Huefner, president of Grandeur Peak Global Advisors [profile], confirms that on Tuesday the Salt Lake City, Utah-based shop will launch the Grandeur Peak Global Stalwarts Fund and the Grandeur Peak International Stalwarts Fund. A third new fund is planned for the end of the year.

Last year Grandeur Peak nearly completely closed its four existing mutual funds to new investors. The two funds launching next week are both smid cap funds, which means the stocks they're targeting have bigger market caps and thus more liquidity than the small cap stocks the other four funds already invest in.

Huefner also sees the new funds as an opportunity for Grandeur Peak "to look for some institutional international clients."

"We're a global firm. We'd love to have global clients," Huefner tells MFWire.

And given that many mid cap managers also compete with Grandeur Peak in the small cap space, Huefner sees Grandeur Peak moving into the smid cap space as a kind of learning experience.

The third planned fund, the micro cap one, is going to cap out at just $25 million or so.

"It's designed as a feeder fund for us," Huefner says, explaining that this way Grandeur Peak will "get to know companies when they're really, really small" before investing in them in a bigger way when they grow to become small caps.

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