Salt Lake city, UT (PRWEB) March 12, 2015

Robert Gardiner’s annual letter shares now not just his thoughts on 2015 but additionally his reflections on 30 years within the business, and the way his experiences shapped the founding of Grandeur peak global Advisors for the coming decade and beyond. Robert’s letter follows…

dear Fellow Grandeur peak Shareholders,

My first actual lesson about the inventory market got here as a highschool child working at Wasatch Advisors. one among my obligations was to calculate performance for our purchasers. beginning in June of 1981, once I first started at Wasatch, the market perceived to go down nearly every week for a whole 12 months. It used to be fairly instructional for me as I watched our purchasers losing money and that i questioned how Wasatch made a industry out of this. Over the next couple of years the market enjoyed a robust rebound and i started to remember the roller coaster that’s the market.

In 1986, after getting back from two years living in France, I was a Wasatch analysis analyst working alongside Sam Stewart and Jeff Cardon as Wasatch launched its first mutual funds. I used to be a relatively green analyst when Black Monday hit in October of 1987, and as a young child I was once relatively unfazed by means of its magnitude. one in every of my easiest inventory picks ever used to be in November of that yr. the company was Biomet, a maker of hip and knee implants. As I consider, the inventory was up more than fifteen fold over the following four years. This used to be my first lesson about the great alternatives that may appear in times of market volatility for investors who keep disciplined with a protracted-term focus.

My expertise in the marketplace curler coaster now spans 30 years. Some have been great years and some were actually tough. The market has supplied small caps a pleasant tailwind for years at a time, only to turn and become a challenging headwind. We by no means paid too much consideration to which way the wind would possibly blow, as an alternative we set our points of interest on discovering the perfect undiscovered increase corporations and purchasing them at excellent values. choosing excellent shares is tricky work; happily, we were proper more than we have been unsuitable, however the more difficult years of 1988, 1992, 1996, 2002, & 2008 are every burned into my memory, together with the lessons I learned from them.

Even on the Wasatch Microcap Fund, which I ran from its inception in 1995 unless January of 2007, now not annually used to be stellar. Microcaps lagged in 1997, the Asian predicament hit in 1998, and the recession of 2002 used to be in particular hard on small caps. We had the good thing about fishing in a neatly-stocked pond where most people weren’t fishing, nevertheless it took various effort and discipline to type in the course of the hundreds of unknown companies in search of one of the best investments, and naturally I didn’t always get it proper.

tricky years come with the territory. i have been so fortunate to be part of good teams over the past three decades, with people who saved each other focused and grounded regardless of all the noise around us. i think Blake, Eric, and our new group at Grandeur top will look back on 2015 as a type of difficult years, however it’ll also probably be remembered as one of the most very best years of our careers. It was difficult for us to leave our pals at Wasatch, and clearly not an easy mountain to climb to begin our own agency and mutual cash.

The market used to be filled with fits and begins in 2015, leaving many investors still on the sidelines a little bit too nervous to step back onto the experience. The efficiency of the brand new Grandeur height funds was okay relative to benchmarks, but not something I’m writing dwelling about as I was frankly disillusioned in my 2015 efficiency. on the other hand, I’m extremely proud of our team’s 2015 accomplishments. It took braveness for every member of the Grandeur peak workforce to leave very at ease scenarios to pursue a better dream, and it has taken a big workforce effort to perform as a lot as we’ve got in so brief a time frame.

we’ve got rather more to do, however what we did in 2015 is huge. We put together a skilled staff of 9 experts who are uniquely skilled and really keen about world investing. now we have an excellent administrative center in downtown Salt Lake city (come visit us!) with the entire instruments we wish to achieve success. Our two mutual money have been launched October 17, 2015, simply three and half of months after we left Wasatch, and as of February 29, 2015 we are pleased to have already got over $ one hundred fifteen million underneath administration across an awfully large base of shoppers. all of the while, our research group screened roughly 15,000 firms and in an instant touched just about 500 of them. within the final six months our world analysts have been on every continent except Antarctica, including journeys to: China, Hong Kong, Korea, Brazil, South Africa, France, Germany, Australia, Japan, and numerous journeys throughout the U.S. within the subsequent month or so our crew also has journeys deliberate to visit companies in Canada, U.k., Malaysia, Indonesia, and Singapore.

We’re a young firm. we have now more work to build our workforce, to tie down our course of and to execute on getting performance. however after an intense and rather distracting 2015 i believe like we at the moment are really hitting our stride in our research efforts. there’s a huge global universe of interesting small and microcap increase firms. they are somewhat undiscovered and we’re discovering loads of just right increase opportunities across the globe despite the broader economic challenges.

As we start 2015 there stay quite a lot of economic considerations during the arena. we do not purpose to predict the global macro setting or market gyrations. I’ve ridden the market curler coaster for thirty years and i know that trying to predict the market is just not a recreation price playing. as an alternative, that you can rely on Grandeur peak to diligently screen the universe, travel extensively, and seek advice from and touch companies. we will peel the onion on their aggressive advantage, management potential and boom probability, and then attempt to buy probably the most attention-grabbing firms at sexy costs. We consider that if we do that smartly that we can ship strong lengthy-time period performance for our shoppers whatever the quick-time period ebbs and flows in the macro setting and the stock market.

We bring to mind investing like running a marathon. It’s an extended-time period effort. we’re in a hurry to do smartly for our clients, but no longer too large of a hurry. It’s vital that we do issues moderately and methodically, that we percent ourselves and keep watch over the longer term. With three many years beneath my belt, I’ve considered many asset managers out in entrance of the p.c. riding excessive most effective to totally collapse. i will recall to mind companies that had been viewed as world classification, that don’t exist as of late as a result of they didn’t build one thing enduring beneath.

crucial step we took in 2015 was once to discovered a permanent investment agency with a robust basis, knowledgeable workforce, and repeatable process concerned about bringing a really world view to investing. Our returns had been reasonable in 2015. we are able to’t promise we’ll do higher in 2015, and obviously we could do worse, however I give you our dedication to be disciplined in our investments and to work diligently to position ourselves able to be among the winners of the marathon over the approaching decade. we will all be invested right alongside you within the Grandeur height money. Our ultimate intention in founding Grandeur top world Advisors is to reinforce the lives of our clients and our workers, and to find a way to counterpoint the local and world neighborhood by which we reside.



Robert Gardiner, CEO

Grandeur top world Advisors

About Grandeur top international Advisors:

Grandeur peak global Advisors is constituted of a extremely pro and collaborative research group taking a backside-up option to investing the use of disciplined international screening, rigorous firm due diligence, and close consideration to valuation to search out what we consider to be the perfect investment alternatives all over the world. Our bias is in opposition to small and micro cap firms as a result of we believe we are able to to find faster boom amongst these corporations, and often at better valuations because of the dearth of analyst coverage. Grandeur top world Advisors, LLC is an employee-owned funding adviser headquartered in Salt Lake city, Utah and registered with the Securities and change commission beneath the funding Advisers Act of 1940.


the objective of each the Grandeur peak global opportunities Fund and the Grandeur peak global opportunities Fund is lengthy-time period boom of capital.

These dollars are new and have restricted operating historical past.

Mutual fund investing includes risks and loss of primary is that you can imagine. Investing in small and micro cap cash will likely be extra volatile and loss of predominant might be greater than investing in massive cap or extra different funds. Investing in international securities entails different risks, reminiscent of currency fluctuations and political uncertainties, which can be described in additional detail within the prospectus. Investments in rising markets are topic to the same risks as different international securities and is also topic to larger dangers than investments in foreign international locations with extra dependent economies and securities markets.

An investor should imagine funding objectives, dangers, charges, and expenses carefully prior to investing. to obtain a Grandeur peak funds prospectus, containing this and other knowledge, consult with http://www.grandeurpeakglobal.com or call 1-855-377-top (7325). Please learn it carefully before investing.

An investor will have to believe investment goals, risks, prices, and bills moderately sooner than investing. to acquire a Wasatch cash prospectus, containing this and other data, consult with http://www.wasatchfunds.com or name 1-800-551-1700. Please read it carefully before investing.

Wasatch Advisors shouldn’t be affiliated with Grandeur peak world Advisors or with ALPS Distributors, Inc.

Biomet was once no longer a conserving in both Grandeur peak Fund as of 12/31/11.

Grandeur height funds are dispensed by ALPS Distributors, Inc (“ADI”). Wasatch funds are dispensed by means of ADI.

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