The small-cap advantage: How leading foundations and endowments are helping small-cap companies…

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World-renowned money manager shares winning strategies for investing in small stocks

Since forming Bares Capital Management, Inc. in 2000, Brian Bares has demonstrated that above-average returns can be generated by carefully selecting small-company common stocks. In addition, he has shown how concentrating capital on a handful of ideas enhances the potential for outperformance by increasing the depth of knowledge of each position and allowing each security to have a more significant impact on the portfolio. In The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks Into Big Returns, Bares describes how endowment model investors and aspiring managers can gain significant exposure to small-company stocks while circumventing many of the obstacles that have historically impeded institutional investment in the asset class. The book also provides a comprehensive overview of the small-company stocks and their impact on the portfolio.

Details the historical outperformance of small-cap stocks. Contrasts the various strategies employed by managers in the space. Explains how aspiring managers can structure a company to drive performance and attract institutional capital. Describes how endowment model institutions can evaluate and hire outside managers for their small-cap assignments. Summarizes important topics such as liquidity and the research process.

Bigger is not better. The small-cap advantage reveals that small-cap stocks have historically outperformed large-cap stocks, and the lack of competition in these stock classes offers diligent managers a unique opportunity to outperform.

Publisher: Wiley; 1st edition (February 2, 2011)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 208 pages
ISBN-10 ‏ : ‎ 0470615761
ISBN-13 ‏ : ‎ 978-0470615768
Item Weight: 13.4 ounces
Dimensions: 6.2 x 0.72 x 9.3 inches