One system. Applied by universe and mandate.
Each strategy draws on the same system, applied to its own universe, with risk limits set for its mandate.
Before you continue
The information below describes pooled investment vehicles and is intended for professional investors only. Please confirm your investor type and country of residence.
Lizard International Fund
An international small cap strategy focused on orphaned and undiscovered companies, where analyst coverage is thinnest and a view of the whole universe matters most. The portfolio is concentrated and held with conviction.
Request documents| Research emphasis | Quality among companies few analysts follow, surfaced by the weekly view of the whole universe |
|---|---|
| Universe | International small cap |
| Launched | January 2009 |
| Structure | Private fund for qualified investors |
Pengana Global Small Companies Fund
Global small and mid cap equities. Lizard Investors acts as sub-adviser to the fund, applying the same system.
Request documents| Research emphasis | The same system, applied to global small and mid cap |
|---|---|
| Universe | Global small and mid cap |
| Lizard's role | Sub-adviser since April 2015 |
| Structure | Offered by Pengana Capital |
International small cap, separately managed
Our international small cap process is available as a separately managed account, across developed markets or developed and emerging markets together, and can be shaped to a client's guidelines on ESG, tax and restrictions.
Request documents| Research emphasis | The international small cap process, shaped to each client’s guidelines |
|---|---|
| Universes | EAFE small cap · ACWI ex-US small cap |
| Structure | Separately managed account |
| Customization | ESG, tax and investment restrictions |
Lizard Emerging Markets
A benchmark-aware, all-cap global emerging markets strategy. It seeks to add value through stock selection rather than country or sector positioning, with country and sector weights held within bands around the benchmark. The portfolio is built from high-conviction, long-term holdings, drawn from companies at every stage of corporate maturity.
Request documents| Research emphasis | Lifecycle, company and country research across a broad and diverse universe |
|---|---|
| Universe | Global emerging markets, all cap |
| Benchmark | MSCI Emerging Markets (Net) |
| Launched | September 20121 |
| Structure | UCITS fund (SFDR Article 8) · separately managed accounts |
| Stewardship | ESG integration, engagement and proxy voting under the fund’s mandate; policies on request |
1 The strategy was launched in September 2012, and its current portfolio manager has managed it continuously since inception, at predecessor firms until Lizard Investors acquired the strategy on June 1, 2024. The accounts managed and the investment process remain substantially similar. See Disclosures.
Open a strategy for its approach, key facts and documents.
Strategy materials, provided on request.
With eligibility confirmed above, only contact details and the materials requested are required.