Since Chris Berrier of Brown Advisory started managing BASC in April 2021, the fund has underperformed (-1.8% versus -1.0%) the Russell 2000 TR Index and has outperformed in 55% of weekly periods. The team summarise their approach as seeking long term compounders via their 3G (Growth, Governance and Go-to-Market) process. Their aim is to invest in a company at a point of inflection and to own it throughout the time it takes for the market to recognise the change. Trading on a 10% discount to NAV ....
