Baron Capital has launched the US All Cap Focused Growth fund as a UCITS vehicle for Europe-based investors.
It is managed by Ron Baron, founder, chairman and CEO of the firm, and Michael Baron, vice president and portfolio manager.
The pair use proprietary research to identify and monitor US companies of any size that they believe will deliver ‘above-average long-term risk-adjusted results’.
The strategy adheres to the firm’s bottom-up investment philosophy that has been in place for over 40 years.
Each company considered for investment must meet four investment criteria: an outsized growth opportunity, formidable and durable competitive advantages, an exceptional and proven management team, and a valuation that offers the opportunity for an investment to double within five to six years.
In addition to the UCITS fund, the strategy is available as a segregated mandate.
The launch expands the range of Baron strategies available to non-US investors, with the Baron Global Advantage Equity and Baron Emerging Market Equity strategies already available as UCITS vehicles.
The Baron Capital US All Cap Focused Growth fund will be registered in Belgium, Denmark, Ireland, Luxembourg, the Netherlands, Norway, Singapore, Sweden, Switzerland, and the United Kingdom. Baron Capital expects to register it in additional jurisdictions in the future.
Ron Baron said: “Our long-term perspective permits us to think about a company as a business owner and not as a short-term tactical stock trader. This requires using extensive and detailed research to identify those businesses with competitive advantages that other companies cannot easily replicate.
“We also believe that people are the key drivers of success, so we look for companies that are exceptionally well managed by leaders who can provide long-term growth and return potential. This approach has been tested over numerous market cycles, allowing us to deliver attractive long-term risk-adjusted returns to investors.”
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