T Bailey adds TB Amati UK smaller companies to its growth fund

The £158.4m T Bailey Growth fund, has added the TB Amati UK Smaller Companies fund to its portfolio.

The TB Amati UK Smaller Companies fund is managed by Paul Jourdan, Douglas Lawson and David Stevenson, who are based in Edinburgh. The team focus solely on UK small caps and manage two VCTs and the open-ended UK smaller companies fund.

Elliot Farley, co -manager of the fund, says: “Small caps have under-performed for some time now and look relatively cheap, particularly if you take the view that they are likely to rebound strongly when a recovery comes.

“We have followed Amati for several years and have been impressed by their disciplined investment process and by their focus and concentration. The performance record is outstanding over a long period. T Bailey has a successful policy of backing investment managers at an early stage of their development, including Artemis, Saracen, Prusik and Liontrust,”added Farley.