The fund targets superior returns based on a concentrated portfolio of high- conviction core holdings. It is focused on small and mid cap companies in the UK and has an event-driven, buy-and-hold approach. The fund invests in micro, small and mid caps in the UK, concentrating on stocks listed at the AIM market. The fund aims to take advantage of under-researched situations. After screening and sourcing investment ideas potential winners should be identified. The companies are then analysed and visited in order to gain extensive knowledge about the company, its business and management and to evaluate potential catalysts. Whereever discrepancies can be assessed between market consensus and analysis the investment committee takes the decision to invest respectively divest. AUM reflects the aggregate of the GBP and EUR share classes and is denomimated in GBP.