Swip keeps faith with European small companies

Pan-European Smaller Companies manager Rory Hammerson is confident he can find value in an area of the market now deemed expensive

Swip's Rory Hammerson is confident he can still find opportunities for his Pan-European Smaller Companies fund, despite growing consensus that small caps are looking increasingly expensive. He took over the vehicle in January 2005. "We have a repeatable process that works. If you look over time, small and mid caps are where you are always going to make the most money," added Hammerson. The fund looks at companies with market capitalisations from €100m to €8bn across Europe including the UK. Holdings are based on the best ideas of Swip's analyst team, which consists of 24 individuals wit...