Lennox Australian Microcap Fund

Lennox Capital Partners has launched the actively managed, style-agnostic Lennox Australian Microcap Fund, which invests in a broad range of microcap equities.

The fund aims to outperform the benchmark S&P/ASX Small Ordinaries Accumulation Index and owns between 20 and 40 Australian and New Zealand-listed securities (primarily outside the S&P/ASX 200 index).

Lennox Capital co-founder, Liam Donohue, said the formation of the new fund was driven by growing investor demand and a desire to seize opportunities in the microcap segment of the market.

"What you find at the microcap and small-cap end of the universe is that some companies are under-researched, so there is plenty of new information to discover and significant opportunities available if you're willing to do the work," he said.