Interview with: Jane M. White, Co-
Founder, President & Chief Execu-
tive Officer, Granahan Investment
Management, Inc.
“S...
The Investment Network –
marcus evans Summits group
delivers peer-to-peer information
on strategic matters, professional
t...
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Small Cap Equity Investing - Interview: Jane M. White, Granahan Investment Management, Inc., European Pensions & Investments Summit 2014

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For more information contact: emailus@marcusevans.com

Jane M. White, Granahan Investment Management, Inc., an investment management firm at the marcus evans European Pensions & Investments Summit 2014 talks about her experience on small cap equity investing.

Join the 2015 Summit along with leading regional pension investors and global asset managers in an intimate environment for a focused discussion of key new drivers shaping institutional investment strategies today.

For more information contact: emailus@marcusevans.com

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Small Cap Equity Investing - Interview: Jane M. White, Granahan Investment Management, Inc., European Pensions & Investments Summit 2014

  1. 1. Interview with: Jane M. White, Co- Founder, President & Chief Execu- tive Officer, Granahan Investment Management, Inc. “Small cap companies have outper- formed large caps in almost every market cycle,” highlights Jane M. White, Co-Founder, President & Chief Executive Officer, Granahan Investment Management, Inc. “There are many innovative small cap companies with compelling products and services that do not need a positive macro environ- ment in order to grow,” according to White. “For instance, in the 2009 recession, over half of the companies in our funds grew their top line by over 15 per cent. These companies are problem solvers. Their products are innovative and help other companies increase productivity or reduce costs, so they are not as dependent on the macro economy.” However, there are a large number of US small cap companies, many of which are immature or low-growth businesses, so close scrutiny is required, she adds. Granahan Investment Management, Inc., an investment management firm that specializes in small cap equities, will be present at the marcus evans European Pensions & Investments Summit 2014 in Montreux, Switzer- land, 28 - 30 April. What long-term value would small cap funds add to an investment portfolio? It is simply a matter of scale. It is a lot easier to grow a company from USD 100 million to USD 1 billion in sales, than to grow a USD 1 billion company to USD 10 billion in sales. There are risks involved, but when you understand the companies that you are invested in, the risks can be limited, and the upside attractive. Given the potential for long-term returns – compared to private equity, real assets, and other asset classes that pension fund investors are interested in today – the small cap equity market can provide good capital appreciation with little liquidity risk. What level of diversification is required to minimise investment risk? We diversify our portfolio in several ways, including by company lifecycle. We own Pioneers, companies – frequently without earnings – that are creating new markets, Core Growth companies, organisations that are more established with good earnings visibility, and Special Situations, companies with major dynamic changes, such as a new product, new management or a cyclical factor that could drive the company’s growth. We also diversify by sector, and we believe it is critical to have sector experts guiding stock selection for their respective areas. To identify opportuni- ties, it is important to know the companies well, to meet the manage- ment and competitors and industry insiders, and understand the value add to their customer. A sector expert is in the best position to understand a company, and in turn to know when to hold the underlying stock. What are the opportunities in the small cap space today? We are in the middle of a technological revolution that is driving small company growth, including advances in mobile computing, social media, cloud computing, electric vehicles and genomic research. It has taken ten years to digest the innovation from the 1990s, and now companies are capitalizing on that research. Our mission is to find companies with open- ended opportunities, follow them closely and use our disciplined valuation methodology to guide us to own their stocks when risk/reward is attractive. What qualities do you look for in these companies? We look for companies that are in a market leadership position, with quality management and strong balance sheets. Ideally, the company would be in a position to improve profitability and have a favourable competitive land- scape. We talk to the suppliers, competitors and customers of the company, to make sure that the company has a strong value proposition for its product or service. We believe that investing in strong companies can mitigate downside risk. We are in the middle of a technological revolution that is driving small company growth Finding Small Cap Equities that Grow in All Macro Environments
  2. 2. The Investment Network – marcus evans Summits group delivers peer-to-peer information on strategic matters, professional t r e n d s a n d b r e a k t h r o u g h innovations. Please note that the Summit is a closed business event and the number of participants strictly limited. About the European Pensions & Investments Summit 2014 This unique forum will take place at the Fairmont Le Montreux Palace, Montreux, Switzerland, 28 - 30 April 2014. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on increasing fund resilience, establishing a robust risk framework, capturing investment opportunities and assessing the true value of emerging market investments. www.epi-summit.com Contact Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division Tel: + 357 22 849 313 Email: press@marcusevanscy.com For more information please send an email to info@marcusevanscy.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.com About Granahan Investment Management, Inc. Granahan Investment Management is a small cap equity specialist. GIM is an independent, employee-owned investment management boutique whose sole focus is to provide quality small cap equity investment services to institutional investors and family offices. Since its inception in 1985, the firm has grown to $3.5bn in assets representing several large institutional clients. www.granahan.com About marcus evans Summits marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, case studies, roundtables and one-to-one business meetings. For more information, please visit: www.marcusevans.com Upcoming Events APAC Investments Summit - www.apacinvestmentssummit.com Elite Summit - www.elitesummit.com Private Wealth Management Summit (North America) - www.privatewealthsummit.com To view the web version of this interview, please click here: www.epi-summit.com/JaneWhite

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