Small-cap firm Ennismore back on front foot

Wed Sep 22, 2010

Ennismore, one of Europe's oldest and best-performing hedge funds, is re-opening for the first time in 12 years to take advantage of opportunities in the small-cap equity space in which it specialises

While many long/short equity firms have struggled in 2010, it has been a good year for small-cap specialist Ennismore. The firm's flagship Ennismore European Smaller Companies hedge fund is up by 11.89% for the year to date and is set to re-open to new investment for the first time in nearly 12 years.

Tom Hearn, Geoff Oldfield and Leo Perry

Launched in January 1999, the firm is one of Europe's veterans: its hedge fund was Europe's first specialist small-cap long/short portfolio, and the UCITS III fund, which follows a very similar strategy, was one of the first in its sector.

Set up by Geoff Oldfield and Gerhard Schöningh, who had previously run long-only money together at Barings, the firm's long-term track record speaks for itself, with both funds showing net annualised returns of around 15% since inception. Even more impressive, the funds have never used...

ISSN: 2151-1845 / CDC10004H

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