Update on LF Gresham House UK Micro Cap Fund and LF Gresham House UK Multi Cap Income Fund
The impact of COVID-19 has been dramatic for everyone, in both their personal and business lives. The sell-off in equity markets has been severe, triggering the most rapid bear market in history. At Gresham House, we are trying to deliver ‘business as usual’ in a pretty extraordinary situation, while staying close to our investee companies.
Our portfolios have not been immune to the selling pressure we have seen in the market. However, in both funds we have materially outperformed the market and the relevant IA sectors year-to-date (as at 25 March 2020).
Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.