Investing in small caps - why the macro view is important

2011 Conference - Due Diligence Forum |  Ellerston Capital / Zurich |  26 August 2011

The world has changed – no longer can you generate big returns in small caps from simple bottom up stock picking. This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that with the index being dominated by resources, and global macro factors just as important as bottom-up fundamentals, small cap managers must address today’s issues to generate tomorrow’s growth. It explores the issues impacting small ...