Premier is changing the name of its $29m Premier RENN US Emerging Growth fund later this year. It ...
Premier is changing the name of its $29m Premier RENN US Emerging Growth fund later this year. It will become the Premier RENN Entrepreneurs fund, a change the group believes better reflects the vehicle’s global remit. It has a large proportion of its assets in China, around 51%, and 27% in the US and Canada. Typically, the US market is not the fund’s main focus, although it is managed from the US. Manager Russell Cleveland selects nano-cap stocks with a market cap of less than $250m, holding around 70% of the fund in private placement and the rest in secondary market issues of US comp...
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