Rockwood Strategic – finding the best opportunities in UK smaller companies

In this video, manager Richard Staveley at Harwood Capital introduces Rockwood Strategic, which is a differentiated UK small-cap fund. He starts by highlighting the benefits of investing in small UK companies, which have delivered superior growth rates and shareholder returns over the long term. Staveley then explains his focus on value shares, seeking businesses that trade at a discount to their intrinsic values, with at least 100% upside to the current share price, and which have an identifiable catalyst to unlock value. This may be underappreciated operational improvements or require engagement with company managements to bring about change.

Rockwood Strategic has a concentrated portfolio of around 25 companies, with more than 60% held in the top 10 names. Staveley can draw on the broad resources at Harwood Capital, including its highly experienced Investment Advisory Group. The manager has meaningful ‘skin in the game’, is passionate about value investing and sees the trust’s opportunity set as being as great as it has ever been.