What was already a difficult backdrop in 2019 for UK small-cap investors, with political uncertainty and the Woodford situation, has been overshadowed by the coronavirus outbreak.
Despite measures put in place by the government to help small businesses survive the crisis, talk of insolvencies has clouded the horizon for UK smaller companies.
With a recession priced in, UK small caps are particularly cheap compared to large caps – reminiscent of the post-Brexit referendum period, or at the bottom financial crisis more than a decade ago.
Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.
