Small cap veterans launch new fund
Small cap veterans Chris Prunty and Tony Waters have emerged at the centre of a new fund launched today.
Prunty and Waters, formally with Ausbil Investment Management, have launched QVG Capital and the QBV Opportunities Fund which will invest in smaller Australian listed companies and target high net worth individuals and institutions.
According to Prunty and Waters, the objective is to deliver strong absolute returns by investing in stocks outside the S&P/ASX 100.
The pair bring plenty of experience, having held key roles at leading funds management companies Ausbil Investment Management and Investors Mutual, most recently having spent seven years as portfolio managers of the award-winning Ausbil Micro Cap Fund.
Applications for the fund are open with a launch date of 1 September and QVG believes it is well placed to make investment decisions post the August reporting season with Waters saying the release of full year results would allow a good look under the bonnet to find the companies which had quality, value and growth characteristics.
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
