Vocus Communications founder and former chief executive James Spenceley has partnered with fund manager Gary Rollo to launch MHOR Asset Management.
MHOR’s first fund focuses on small cap equities, and intends to invest in “a diverse portfolio of high-growth smaller companies listed, or soon to list, on the ASX”, the company said.
The fund has received around $10 million of inflow since its soft launch in August, and delivered 3.1 per cent against the benchmark index at the 28th of the same month.
Mr Spenceley said he and Mr Rollo hope to “work together to assess not just the financials but the management capabilities of businesses,” when building the portfolio.
“Small caps are often overlooked by investors because it takes significant work to assess growth potential. The market is inefficient for them as very few brokers cover stocks in early stages, and this creates huge opportunities,” he said.
The MHOR fund is available to individuals, companies, advisers, and SMSFs.