{"product_id":"the-small-cap-advantage","title":"The Small-Cap Advantage","description":"\u003cp\u003eThe historical returns of small-cap stocks have exceeded those of mid-cap and large-cap stocks over long time periods. The additional return experienced by small-cap investors has occurred despite inherent disadvantages in the asset class. \u003c\/p\u003e\u003cp\u003eThe excess return available from small-cap stocks can help large foundations, endowments, and other similar institutional investors overcome the drag of inflation and the drain of annual spending. These institutional investors are in a unique position to fund new and often untested managers who are in the best position to benefit from the return premium of small-cap stocks and from the relative lack of professional participation in the space. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns\u003c\/i\u003e is a must-have book for aspiring and existing small-cap managers and the institutions that would hire them. It is an insider's account of institutional small-cap investing. The book details the investment, fundraising, and operational challenges encountered by small-cap managers. It also: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eDescribes the evaluation issues encountered by institutions in their small-cap manager due diligence\u003c\/li\u003e \u003cli\u003eReveals why small-cap stocks are a fertile hunting ground for investors seeking high returns over long time periods\u003c\/li\u003e \u003cli\u003eDetails how top foundations, endowments, and other institutional investors can procure exposure to small-cap stocks through allocations to specialist managers\u003c\/li\u003e \u003cli\u003eExplores the reasons for small company outperformance and reveals how returns can be further enhanced through the careful avoidance of problem companies\u003c\/li\u003e \u003cli\u003eExplains why the small-cap space is ideal for active management and why passive indexing may not be an optimal strategy for this asset class\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Small-Cap Advantage\u003c\/i\u003e helps aspiring small-cap managers understand the state of the institutional investment management industry. It debunks the notion that small-cap managers who lack long track records or high levels of assets under management are undeserving of institutional funding. It explains the fundraising process for aspiring small-cap managers and how they can handle many of the challenges that come with successfully increasing strategy assets. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Small-Cap Advantage\u003c\/i\u003e provides endowment-model institutions with a deeper understanding of the unique issues faced by specialist boutique managers who focus on the small-cap space. It will also assist institutional due diligence teams in their evaluation of small-cap managers.\u003c\/p\u003e","brand":"Brian Bares","offers":[{"title":"Default Title","offer_id":42818189295677,"sku":"9780470615768","price":77.36,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0597\/7689\/2989\/files\/9780470615768_5ebcce33-5492-4190-8067-34a69aa82144.jpg?v=1766915747","url":"https:\/\/www.palmleaf.com.au\/products\/the-small-cap-advantage","provider":"Palmleaf","version":"1.0","type":"link"}