Whitman targets initial £25m fundraise for UK small cap fund

£15m already raised

Whitman Asset Management has launched its first fund since establishing its private client investment management business, with the firm hoping to raise £25m for the UK small-cap vehicle in its "initial stages".

TB Whitman UK Small Cap Growth, which will see its offer period close from 8 December and has already raised £15m, targets long-term capital appreciation from a portfolio of between 30 to 50 stocks with a typical market capitalisation of under £1.6bn. Capital Economics: FTSE 100 to hit 7,500 in 2021 A UCITS OEIC, management will be led by CIO Christopher Pease, who previously managed funds for Sarasin & Partners and Henderson Investors. Pease will be supported by co-manager Joshua Northrop, who was previously at small-cap specialist Hargreave Hale. In stock selection, the manage...