At the end of November The Armchair Trader hosted its first live and in person ‘Beyond the Channel’ investor conference. Held in London, it was an opportunity for sophisticated investors to meet some of the CEOs of companies we like and also some fund managers.
We kicked off the event with a great panel on small caps, with three managers who really understand the space. It provided the audience with the perspective of the professional fund managers on this sector. We wanted to share this highly interesting panel with our wider audience as well.
All three panellists provide their perspective on the small caps market, how they have been performing, and just how much of an unprecedented value opportunity we are facing right now. We discussed some of the potential catalysts which could be important for this area of the equity market, and the impact of key macro factors in 2024.
Who took part on the fund manager panel?
Steve Palmer, CEO of AlphaNorth Asset Management, joined us to talk about the Canadian small caps environment. He manages the AlphaNorth Partners Fund, a long-biased small cap hedge fund which was launched in 2007.
From CRUX Asset Management we had Richard Penny, who has been the lead manager on the TM CRUX UK Core Fund since November 2021. He also spent 15 years managing equities for the L&G UK Alpha Trust and L&G UK Special Situations Trust.
Micro-cap specialist George Ensor joined the panel from River & Mercantile. George has also been on our podcast channel previously, and had some excellent insights on the small end of UK equity markets.