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Well-followed small caps specialist is back with new investment trust launch

Odyssean Capital is seeking to raise up to £100m for the Odyssean Investment Trust through an IPO priced at £1 a share. Debut dealings are slated for 1 May.

The new fund will be managed by Stuart Widdowson, who amassed a following with his excellent stewardship of Strategic Equity Capital (SEC), and Edward Wielechowski.

The pair plans to put money to work in smaller companies trading below intrinsic value and ‘where this value can be increased through strategic, operational, management and/or financial initiatives.’

Under Widdowson’s tenure between 30 June 2009 and 31 January 2017, Strategic Equity Capital delivered a net asset value (NAV) total return of 377% and a share price total return of 508%.

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