Pinnacle Investment Management : Langdon Equity Partners launches UCITS Fund, establishes international presence

Specialist global smaller companies investment boutique, Langdon Equity Partners

(Langdon), is pleased to announce the launch of the Langdon Global Smaller Companies Fund - UCITS (the Fund) and the establishment of an international presence.

The new UCITS Fund, provides investors in several U.K., European, and Asian jurisdictions access to Langdon's Global Smaller Companies strategy, a concentrated, high conviction portfolio of 25-40 small companies listed on developed market exchanges.

The Global Smaller Companies Strategy, which currently has US$300.0 million in invested assets, aims to outperform the MSCI World Small Cap Net Index. Since inception in June 2022, the Global Smaller Companies Fund (AUT) has delivered a total return of 14.3%¹ per annum after fees, outperforming the Index by 7.8%¹ per annum and the MSCI World Index by 1.0%¹ over the same timeframe.

"The London office and the launch of a UCITS Fund are both a natural extension of our global investment strategy, one that has continued to develop in both scale and sophistication," said Greg Dean, Langdon's Founder and Lead Investor. "Our growing presence in the region, unlocks important access to investment opportunities - and allows us to build relationships with clients, management teams and companies much more consistently than we could making 6-8 trips per year as we have over the last decade or so."

"Global small cap, as an asset class, was in its infancy 10 years ago when we launched this strategy at my predecessor firm. We saw it as a fruitful hunting ground to exploit and we believe we have proven skilled at extracting alpha from the large and inefficient universe of listed companies under US$10B while delivering strong absolute returns. Our portfolio will be positioned in companies that we believe have strong fundamentals and will continue to deliver cashflow growth of 10-15% per share over the cycle. We also believe combining global small caps with either global large caps or regional mandates may improve diversification and enhance long-term returns."

Based in Toronto, Canada, Langdon Equity Partners was founded in 2022 by Greg Dean who earlier resigned from his role as a Partner and Portfolio Manager at Cambridge Global Asset Management.

The boutique has grown to now employ five investment professionals who manage over US$300 million invested across global and Canadian small cap strategies.

Langdon is majority owned by its investment team, and supported by multi-affiliate investment management group, Pinnacle Investment Management (PNI.AX). With offices in the United Kingdom, United States, Canada, and Australia, Pinnacle provides distribution and fund infrastructure support to Langdon.