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Salt Lake City– Eighteen months after launching the Grandeur Peak Funds, Grandeur Peak Global AdvisorsSM has announced that it will soft close both the Grandeur Peak Global Opportunities Fund and the Grandeur Peak International Opportunities Fund on May 1. The Funds will remain open to existing investors, but will no longer accept new shareholders after May 1. Financial advisors and retirement plans with clients in either fund will be able to continue investing in that fund for existing as well as new clients.
“To be good small and micro cap investors it’s critical to limit your assets,” said Robert Gardiner, CEO. “Through my career I have seen time and again small cap managers who became a victim of their own success by taking in too many assets and seeing their performance languish. We founded Grandeur Peak to be a world-class global small and micro cap manager, and to help us achieve this mission we are committed to remaining small and nimble.”
discussed the firm’s vision, saying: “In founding Grandeur Peak we laid out a product roadmap for the global small cap space,” said Eric Huefner, president. “There are six to seven strategies that we would ultimately like to manage within this arena. Given the expected overlap of our portfolios, it is important to look at capacity constraints at the firm level, as well as at the individual portfolio level.”