Dowgate Wealth has launched a new investment company with a focus on UK smaller companies.
Onward Opportunities Limited will offer investors a portfolio made up of around 20-25 specialist UK smaller companies, predominantly listed on the London Stock Exchange, with an investment time horizon of 3-5 years.
Dowgate said it believes that a structural market opportunity exists in the UK smaller companies sector and an active investment approach to identifying investments and position management can lead to increased returns by targeting these inefficiencies.
The team will be led by Laurence Hulse, investment director at Dowgate, who joined the team in 2022 from Gresham House. He will be joined by Tom Teichman, Jay Patel, Mark Chadwick and David Poutney.
Hulse said: “We are pulling together for clients the three core ingredients to make money; a clear market opportunity, a bespoke strategy to capture it and the people required to execute the plan. This launch puts in place the foundations to grow an investment company that can actively engage with UK smaller companies where we identify value. I would like to extend my thanks to our seed investors and the whole team for providing this fantastic onward opportunity to build upon.”
Andrew Henton, board chair at Onward Opportunities Limited, added: “We believe that a structural gap exists within the smaller companies sector which can be exploited through the deep industry experience of the investment team. Our strategy involves an active approach to identifying investee companies and engaging with them. In so doing, we will both support the growth companies that are the driving force of enterprise in the UK whilst also taking advantage of valuation inefficiencies to underpin returns.”
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