James Spenceley, the founder and former CEO of Vocus Communications, has collaborated with fund manager Gary Rollo to launch MHOR Asset Management.
This is Spenceley’s first business venture since the establishment of Vocus 10 years ago, which has now been transformed into a multibillion dollar ASX100 listed business from a $25m small cap business.
The first fund of MHOR will offer investors exposure to high-growth smaller companies that are listed or who are soon to list on the ASX. The fund is aimed at the small cap area of the equity market.
Commenting on the new venture, Spenceley said: "Small caps are often overlooked by investors because it takes significant work to assess growth potential. The market is inefficient for them as very few brokers cover stocks in early stages, and this creates huge opportunities.
"We will work together to assess not just the financials but the management capabilities of businesses so we can build up a portfolio of high quality businesses."
“What most impressed me about James as CEO at Vocus was his strong vision for where his business was headed, his drive and clarity around his organic business and the multitude of successful acquisitions he made,” Rollo said.
The fund will be available to individuals, families, companies and trustees along with advisors, and self- managed super funds, with a minimum initial investment of $20,000.