Nettle Capital To Launch One Of First UCITS IV Funds

Oct 24 2011 | 9:53am ET

Boutique asset manager Nettle Capital Management will launch one of the first UCITS IV vehicles—the TB Nettle European Micro Cap fund.

Nettle was founded earlier this year by former Baillie Gifford manager David Walton and ex-F&C Asset Management manager Frank Rushbrook.

The fund will invest in European micro cap stocks with a market capitalization of less than €250 m (£200 million) and aims to raise £20 million.

Walton, a Nettle Capital partner and manager of the fund, told fundweb they decided to launch the fund as a result of their conviction in the European micro cap sector.

“We both felt some frustration and weren’t able to buy, for the funds we managed, sometimes, the small companies [that were] often those with the best growth potential.

“It’s an excellent time for us to launch. There are lots of opportunities for the fund to invest in,” said Walton.

The fund will launch November 3. The minimum investment is £10,000, there is no performance fee and ongoing charges will be set at 1.5% a year.

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