In this episode of Trust Issues, we speak to Christopher Berrier, manager of Brown Advisory US Smaller Companies (BASC), about the opportunity for investors in the US small-cap sector, including recent performance and why the US small-cap sector lends itself well to active management.
0:00 Risk warning
0:47 Introduction
01:05 Background as a fund manager
02:42 Main objective of the trust
04:01 How BASC is differentiated from its peer group
06:16 Why the US small-cap sector lends itself to active management
08:20 How the trust manages downside risk for investors
11:58 Length of holding periods for portfolio companies
14:00 Best-performing investments & recent portfolio changes
17:16 Recent trends in M& activity
20:22 Looking at more unusual or growth portfolio companies
23:02 Views on outlook for US small-caps
