De Lisle Partners, the specialist US small-cap investment boutique, has confirmed that the VT De Lisle America Fund (‘the Fund’) has exceeded £100 million AUM, up from £37.7 million in January 2021*. The Fund passes this significant milestone ranking first out of 227 funds in the IA North America sector, over one year – while manager Richard de Lisle looks ahead to what 2022 may bring.
Launched in 2010, the VT De Lisle America Fund focusses on under-researched US smaller companies and on investment themes such as the ‘great outdoors’ and ‘experiences’ that have helped drive performance throughout the pandemic.
Looking ahead to the prospect for US smaller companies in 2022 – away from the mega tech stocks and FAANGS that have driven the market in 2021 – manager Richard de Lisle sees opportunity ahead as the Fund is still at a record low P/E relative to the S&P 500.
Richard de Lisle, manager of VT De Lisle America Fund commented; “Our significant growth in AUM reflects investor demand for exposure to areas of the US market that are untapped by other, more mainstream, US equity funds. The Fund has achieved strong returns over the course of 2021, driven by strong earnings which have kept the Fund’s P/E below 10, even as it rose.”
*Source: De Lisle Partners 10 December 21
NOTES TO EDITORS
De Lisle Partners
De Lisle Partners LLP is an independent investment boutique founded In July 2005, specialising in US small-cap investment. Manager and founder Richard de Lisle has over 40 years of experience in the US equity market, running the private investment fund the Emmanuel College Endowment Fund since 1996 and the more recent VT De Lisle America Fund which was established in 2010.
Richard de Lisle, Co-Founder of De Lisle Partners & Manager of VT De Lisle America Fund
Richard has been dedicated to US equities for more than 40 years. He started his career at Merrill Lynch in 1980, moving to Dean Witter in 1984. In 1991 Richard became Managing Director of Dean Witter’s six international offices. In 1996 Richard took over management of the Emmanuel College Endowment Fund. Dean Witter merged with Morgan Stanley in 1997, where Richard continued to work as part of the Fund Management team until he left to establish De Lisle Partners in 2005.
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