Watsa protege launches investment firm focused on small caps [Business News Network (BNN) Energy & Resources (Canada)]
Royal Bank Of Canada (RY)
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Source: Business News Network
Watsa protege launches investment firm focused on small caps Ken Jesudian, a protege of Canadian value investor Prem Watsa, has left his role as head of Burgundy Asset Management Ltd. to set up his own investing shop focused on small-cap stocks. Crimson Asset Management is geared toward wealthy individuals with a minimum investment of C$1 million ($780,000). It currently offers a partners’ fund that invests in a concentrated number of companies with at least $2 billion in market cap, and is launching the first of a series of specialty funds that will predominantly focus on U.S. small caps, with 15 per cent to 20 per cent of its holdings in Canada. "It’s a little bit NFL to CFL,” Jesudian said, referring to the professional football leagues in both countries, when asked why he prefers the U.S. to Canada. “The diversity of business models is much greater than what Canadian investors are used to seeing. It’s just a bigger pond to fish in.” He’s particularly interested in financial servic
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