The Byrne Asset Management (BAM) – Small Cap strategy is led by Brian Arena, who previously ran the $2.5 billion New Jersey Small Cap Portfolio for the New Jersey State Pension Fund, for 13 years (1994-2006), which outperformed its benchmark (Russell 2000 Index) by an average of 7.0% annually over that time period.
BAM – Small Cap aims to hold 50-70 US small cap stocks. The strategy’s investment process combines both a qualitative and quantitative analysis of the stock. The qualitative analysis involves evaluating the strength of the management team and its strategic direction, understanding the sustainability and growth potential of its business model, and evaluating industry trends and the company’s competitive position. The quantitative analysis includes a review of the company’s financial metrics, valuation analyses and a view on technical and market conditions.