CRUX targets UK small and micro-caps for new fund launch

Managed by Richard Penny, the fund will take a bottom-up, active stock picking approach, targeting companies considered undervalued in the UK small and micro-cap sector. Growth investing will be at the core of its philosophy, the firm said.  The strategy targets a portfolio of 25 to 30 mispriced businesses in long-term growth sectors where opportunities are underappreciated. In particular, the fund is targeting mispriced companies with improving growth in revenues or profits.  This could see the fund invest in companies going through transactions such as acquisitions or seeking financ...