For almost two decades he’s run a successful high conviction fund – first at Macquarie and now at Firetrail Investments – the $7.5 billion boutique he set upNow he has a hunch that small-cap Australian equities are the most compelling they’ve been in more than a decade.
Hodgens says four of the fund’s small-cap investments have been the subject of takeover bids, including aged-care operator Estia and Silk Laser Australia. The tracking app Life360 is another favourite along with Genesis Minerals and aged-care operator Regis, which has been subbed in for private equity target Estia.
The small-cap fund and the S3 Global Opportunities fund are part of Pinnacle’s Horizon 2 investment program to deliver growth across its affiliates.
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