The DNCA Invest Archer Mid-Cap Europe fund was soft launched on June 24 and was designed to provide an attractive entry point for European equity investors after the Brexit vote.
The Luxembourg-domiciled fund, which has since accrued €43 million in assets under management, has the term ‘Archer’ in the title to refer to the precision nature of the stock-picking involved, DNCA said.
It will invest across Europe, including Switzerland, with an emphasis on finding undervalued mid-cap companies. It will hold between 40 and 65 positions, with the position sizes ranging from 1% to 4% depending on conviction.
DNCA most recently bolstered this range, which is largely overseen by Citywire A-rated Chebar, with the launch of the DNCA €urocovery fund. This eurozone-focused strategy was launched in March of last year with a deep-value investment focus.
Meanwhile, Fitzgerald was brought on board from rival group Tocqueville Finance in September of last year. He was assigned to work alongside Chebar on the Value Europe and Invest Value Europe funds.