Specialist Australian small cap investor Eiger Capital has had the rating of its Eiger Australian Small Companies Fund upgraded to Highly Recommended by Lonsec.
Eiger Capital was founded in March 2019 by Principals and Co-Portfolio Managers Stephen Wood, Victor Gomes and David Haddad who have a combined 70 years investment experience and previously worked together at UBS managing over $400 million in small cap funds.
Since its inception in March 2019 the high conviction, style-neutral, actively managed Eiger Australian Small Companies Fund (Fund) has delivered returns of 26.0% p.a. (net of fees) to outperform its S&P/ASX Small Ordinaries Accumulation Index benchmark by 11.4% p.a. as at 31 August 2021.
Shorter term performance has also been impressive with the Fund returning 44.9% over the past 12 months to 31 August 2021 (net of fees), outperforming the benchmark by 15.4%.
In its product review, Lonsec said it had increased the rating of the Fund to Highly Recommended because of the investment team’s experience, long record of working together and its well-structured and repeatable investment process. With the portfolio managers owning the majority of the equity in the business, the trio had a strong alignment with the interests of other investors, it said. Lonsec also noted that Eiger had an attractive capacity positioning.
Eiger Capital Principal and Portfolio Manager Stephen Wood said he and his partners were proud to have achieved Lonsec’s highest product rating. “We have had a pleasingly strong start since we launched in 2019 and recognition such as this will help us continue to build momentum in the retail market,” Wood said.
Eiger Capital is supported by Challenger Limited subsidiary Fidante Partners, which forms long term alliances with talented investment teams to support and grow specialist investment management businesses.