Cape Wrath Capital

We see opportunities where other investors have over-reacted to events and valuations no longer reflect fundamentals. The founder invests his net worth in the strategy, which has a hard close to protect performance.

VT Cape Wrath Focus Fund

UK-domiciled OEIC, investing in quoted UK securities, using the proprietary BAIT framework

Low Cost Active Management

0.45% TER cap
All research costs paid for by Cape Wrath Capital

Conviction Drives Alpha

Concentrated portfolio with 10-20 holdings
Benchmark agnostic

Client and Manager Interests Aligned

Hard close at £200m to protect performance
Founder’s net worth invested in the fund

Downloads

Latest Factsheet
Class A KIID
Class B KIID
Prospectus

Further information

Further fund information and an application form is available on the Valu-Trac Investment Management Limited website. view >

Review

Annual fund commentary to 30 September

2017

Broadside

Thoughts on value investing

SUMMER 2018

Not Investing Like Warren Buffett

The Team

Adam Rackley, CFA

Investment Director

After working as an analyst at the Alliance Trust, Adam joined Montanaro Asset Management, where he managed a smallcap income fund. Leaving the City in 2010, he taught the CFA qualification at BPP before setting-up Curzon Financial Training, which provides practical training for asset management companies. In 2015, Adam founded Cape Wrath Capital. He has degrees in Philosophy, Politics & Economics; and Finance & Financial Law. When not investing, or teaching others about investing, Adam enjoys running and rock climbing. He once took six months off to write a book, has served as a platoon commander with the 1st Battalion Black Watch, and in 2010 spent 11 weeks rowing across the Atlantic ocean.

Anders Jegers, CFA

Research Advisor

Anders studied Engineering at Linköping University in Sweden, and spent a number of years at Electrolux before moving into equity research in 1997. He worked for ABG Sundal Collier in London as an Industrials analyst, becoming a partner of the firm in 2001. Anders moved to the buy-side in 2008, joining Montanaro Asset Management, where he became the Head of Research in 2011, with responsibility for a team of nine investment analysts. He left Montanaro in 2013 to work as an independent consultant, and became an advisor to Cape Wrath Capital in 2016. Anders enjoys spending time with family and friends, and is a British Cycling Level 2 Mountain Bike Leader.

Martin Henderson

Director of Investment Management and Research

Martin is responsible for the quantitative research and fund management teams at Valu-Trac Investment Management, and is the manager of a UK-based Global Equity Income Fund (UCITS). He joined Valu-Trac in 1991 after graduating from Edinburgh University with a BSc Hons in Computer Science. Martin was responsible for developing Valu-Trac’s analytical tools and proprietary Intrinsic Value database, which monitors over 22,000 stocks, 1000 sectors, 64 equity markets, 20 bond markets and 29 commodities on a daily basis. From 2001 to 2008, Martin delivered Valu-Trac’s investment research via Ed Hyman’s ISI Group in New York.

Valu-Trac Investment Management

Cape Wrath Capital is an Appointed Representative of Valu-Trac Investment Management Limited, which is the Authorised Corporate Director (ACD) and Investment Manager of the VT Cape Wrath Focus Fund. Cape Wrath Capital is the Sponsor to the VT Cape Wrath Focus Fund and has been appointed by the ACD to act as the Investment Advisor to the Investment Manager. The ACD administers over £2bn of assets comprising of a number of funds.