Strategy
International Growth Equities
The Driehaus International Growth Equities team focuses on investing in non-US companies through the Driehaus International Small Cap Growth strategy. The strategy provides investors with exposure to companies experiencing growth inflections in addition to positive earnings revisions and medium-term (price) momentum, two factors that are positively correlated to alpha generation. The team is led by portfolio managers Dan Burr and David Mouser.
Institutional Investors
Our institutional sales team will be pleased to address questions and requests related to separately managed accounts and/or institutional commingled vehicles that employ our investment strategies.
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Driehaus International Small Cap Growth Strategy
View DetailsDriehaus International Small Cap Growth Strategy
The strategy seeks to outperform the MSCI AC World ex USA Small Cap Growth Index over full market cycles.
Facts
- Strategy Inception Date
- Jul 01, 2001
- Total Strategy Assets *
As of Feb 28, 2025
- $2,098M
* The Driehaus International Small Cap Growth team manages multiple international small cap strategies/ styles.
Separately Managed Accounts
- Open to New Investors
- Yes
Funds
Institutional Commingled Accounts
- Minimum Initial Investment
- $1M
Driehaus International Developed Equity Strategy
View DetailsDriehaus International Developed Equity Strategy
The strategy seeks to outperform the MSCI World Ex USA Growth Index over full market cycles.
Facts
- Strategy Inception Date
- Jun 01, 2024
- Total Strategy Assets
As of Feb 28, 2025
- $2M
Separately Managed Accounts
- Open to New Investors
- Yes
Funds
Philosophy & Process
The team employs a growth-oriented investment philosophy focusing on identifying company-specific growth inflection points and exploiting associated marketplace inefficiencies. Our philosophy hinges on a belief that market expectations tend to be ‘anchored’ to historical information and that points of inflection therefore introduce dislocations between market expectations and fundamentals which generate significant alpha capture opportunities. The team combines bottom up fundamental and macro analysis with a nimble and active investment approach to identify inefficiencies and generate a portfolio which uniquely seeks to achieve superior aggregate growth rates as well as superior risk characteristics.
Featured Commentary
Driehaus International Small Cap Growth Strategy December 2024 Commentary with Attribution
The return of Macro. The second half of 2024 and particularly the fourth quarter ushered in a shift in narrative where macro issues seemed to dominate the headlines (and market moves) substantially more than earlier in the year when company specific fundamentals were the primary driver of returns. This shouldn’t have been too surprising given many major political elections globally and ongoing central bank monetary policy uncertainty, but the extent that macro issues were driving the train caught many off guard (including ourselves).
Driehaus International Small Cap Growth Strategy September 2024 Commentary with Attribution
During the quarter, relative contributions to performance came from the communications services and consumer discretionary sectors. The largest relative detractors were energy and information technology. From a country standpoint, the United Kingdom and Germany were the largest contributors to performance. Italy and the Netherlands were the largest country detractors.
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