Meet the Manager by WSP

Granahan US Focused Growth Fund

22nd January 2021

Guest

Drew Beja, Senior Vice President and Portfolio Manager of the Small Cap Focused Growth strategy

About the fund

The fund is a high-octane US equity strategy, due to its focus on small market cap and due to its relatively concentrated portfolio (40 holdings).

Granahan is a pure US SMID cap investor since the company has been established in 1985. The investment team is concentrated on small number but highly experienced professionals. Investment ideas are shared on a daily basis, but the convictions of the PMs aren’t diluted through a consensual decision making. Drew has sole responsibility for the portfolio construction.

The fund is a strategy grounded in the belief that superior long-term returns are best achieved through a select portfolio of smaller companies that are poised to grow at 15%+ for many years and have the fundamentals to sustain this high growth.

The strategy seeks companies with large, open-ended opportunities, a favorable competitive landscape, and a product or service set that provides a unique value-proposition for customers.

While the performance has been outstanding in 2020 (+83.5%), the alpha generated since inception (April 2014) has been impressive, both in up and down markets (up capture ratio: 144% / down capture ration 70%). The fund is therefore ranking first percentile on every time horizon.