The fund is set to launch on 1 June, subject to final approval from the Central Bank of Ireland, and is part of the company’s recently launched Ucits Irish umbrella. It will be managed by Jamie Carter, investment manager and partner at SWMC.
Carter joined SWMC in July 2006 and in November 2007 launched the S. W. Mitchell Small Cap European Fund, which, according to SWMC, has seen returns since inception of 70% to end of April 2011. Prior to joining SWMC, he worked for J O Hambro Investment Management, researching US companies, with a particular emphasis on technology, media and telecommunications.
Stuart Mitchell, Founding Partner of SWMC said: “The launch of our first Ucits product is a milestone for SWMC. We have seen growing demand from investors for access to absolute return strategies in the framework of a regulated, liquid and transparent structure. Our new Ucits fund now offers a broader range of investors access to Jamie’s outstanding track record.
“Further, the Ucits structure is being extended to our research-led product offering as a whole, and our broader established track record of many years of outperformance in European equities is now available to investors within this new framework.”
IA Fund Facts
Fund Name: SWMC Small Cap European Fund
Share Classes: Class A (€ / £ / USD / CHF) Class B (€ / £ / USD / CHF)
Umbrella Fund: SW Mitchell Capital plc
Funds domicile: Ireland
Investment Manager: SW Mitchell Capital LLP
Promoter: SW Mitchell Capital LLP
Dealing : Daily dealing
First day of dealings: June 1st 2011
Custodian: Citibank International plc (Ireland)
Administrator: Citi Hedge Fund Services (Ireland) Limited
Contact : Susannah Wellesley-Wesley – 0207 290 4512
