Slide Rule Fund

The MontLake finnCap Slide Rule UCITS Fund

Slide Rule Fund

Investment objective

The MontLake finnCap Slide Rule UCITS Fund (“The Fund”) is a newly-launched open-end fund which seeks to deliver capital growth through a quantitative approach to investing in UK-listed smaller companies.

Investment philosophy and strategy

The UK smaller companies universe is full of excellent investment opportunities, but it is very large (1,500+ stocks) and suffers from limited and inconsistent research coverage.

The finnCap solution is an internally-developed stock picking system, called QVGM+, which is used to find the “best” 80-100 stocks. The system’s core factors are Quality, Value, Growth and Momentum + a screen for financial quality and stress. The typical company in the resultant portfolio is one with above average growth and above average ROCE (return on capital employed).


Back-tested to the beginning of 2014, the investment strategy (“The Strategy”) has delivered gross total return of 22.4%* p.a., significantly outperforming the 6.1% p.a. total return of the benchmark index (“The Benchmark”, an equal-weighted average of the FTSE AIM All Share and FTSE Small Cap index). Additionally, The Strategy has outperformed The Benchmark 15 out of 16 quarters since ‘inception’ and was up 7.3% in 2014, a year when The Benchmark was down 9.5%.

The fund sponsor: finnCap

The role of sub-investment manager will be undertaken by Sturgeon Ventures LLP (FRN 452811), which is authorised and regulated by FCA, with finnCap acting as its investment adviser.
*simulated performance from 1 January 2014 to 31 December 2017; gross of fees and trading costs, with dividends reinvested for private companies below. 

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