
international small-cap specialists
Philosophy
- We believe the international small-cap universe is inefficient due to often poor management disclosure practices, sparse analyst coverage, and a natural institutional preference for larger companies in well-known industries
- Though international companies make up almost 90% of all listed companies worldwide (and growing), the majority of the buy- and sell-side research is focused on the US market1
- Structural changes like MiFID II in Europe have reduced the number of sell-side analysts, resulting in declining coverage of non-US small-cap companies
- Kabouter is willing to invest the time and energy to find these undiscovered gems and then pushes to get them discovered by the rest of the investment community.
Approach
Friendly engagement: Help improve visibility and business practices to promote discovery
Strategies
International
Micro-Cap Equity
International
Small-Cap Equity
International
Small- to Mid-Cap Equity
Emerging Markets
Small-Cap Equity
International
Micro-Cap Equity
- Launched 2004
- Closed (due to capacity) 2012
- Waitlist to replace outflows
International
Small-Cap Equity
- Launched 2006
- Closed (due to capacity) 2017
- Waitlist to replace outflows
International
Small- to Mid-Cap Equity
- Launched 2013
- Open to new capital
Emerging Markets
Small-Cap Equity
- Launched 2018
- Open to new capital
About
/ˌkaːˈbɑu̯.tər/

Marcel Houtzager, CFA
Principal & Senior Portfolio Manager

Peter Zaldivar, JD, CFA
Principal & Senior Portfolio Manager
Singular focus on international small-cap equities with a dedicated team of 16 investment professionals and 16 operations professionals
100%
Employee Owned
80%
Senior Management
Represented by Minorities and Women
83%
Investment Team
Represented by Minorities and Women
76%
Employees
Represented by Minorities and Women
13
Languages Spoken
All information as of March 31, 2022
Affiliations

