When Melbourne-based investment manager LSN Capital Partners launched its small cap fund in 2021, it was a baptism by fire for Nick Sladen.
The unprecedented stimulus pumped into the economy during the pandemic unleashed a wave of inflation, prompting central banks to deliver the most aggressive tightening cycle in a generation. That toxic cocktail caused small caps to underperform their larger peers by nearly 30 per cent from late 2021 to the end of 2024.
Source: https://www.afr.com/markets/equity-markets/these-asx-small-caps-are-primed-for-a-catch-up-rally-20251002-p5mzk8