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Top rated US boutique strengthens star small cap team

Top rated US boutique strengthens star small cap team

Granahan Investments has bolstered its highly-rated small cap specialist team with the appointment of fund manager David Rose, the Massachusetts-based group has announced.

Rose formally joined the asset manager this month having spent three years with Fuery Research Partners as a small cap specialist.

In his new capacity, Rose will work closely with the portfolio managers overseeing the US Discoveries and US Focused Growth strategies.

The Vanguard US Discoveries fund, which Granahan runs on mandate, is co-managed by the Citywire AA-rated quartet of Gary C. Hatton, Jane M. White, Robert F. Granahan and John J. Granahan.

Meanwhile the Granahan US Focused Growth fund was the first Ucits-compliant fund directly launched by the company in March 2014. This fund is managed by Andrew Beja, who recently spoke to Citywire Global about so-called ‘desert island’ stocks.

Rose brings with him a total of 15 years market experience and he will serve as both a portfolio manager and an analyst overseeing the generalist sleeves of the Granahan funds.

Commenting on the hire, Jane M. White, president and CEO of Granahan, said: ‘David brings to Granahan proven portfolio management capabilities along with extensive research experience across the small cap sector.’

‘He’s a strong addition to GIM, as his talents blend well with the other portfolio managers working on both our sleeve-managed and sole-managed small cap strategies.’

Granahan currently manages $3.5 billion in assets across US mutual and Ucits-compliant funds. Vanguard Asset Management took steps to reduce flows into the Granahan-run US Discoveries fund following a wave of interest and new assets.

The Vanguard US Discoveries fund returned 105.1% in the three years to the end of December 2014. This compares to a rise of 69.4% by its Citywire benchmark, the Russell 2000 TR, over the same timeframe.

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