Specialists in U.S. Small Cap investing.
One fund. One asset class. Thirty years of expertise.
Independent. Investor-Led. Focused.
35.6%¹
FY 2025 Return
20-30
Highest Conviction Holdings
35%¹
Portfolio Margin of Safety
“Small, independent firms with excellent people focused on a well defined market segment provide the highest likelihood of identifying the intelligent contrarian investment approach necessary for excellent investment results.”
— David F. Swensen, Founding CIO, Yale Endowment
WHO WE ARE
An independent, investor-led specialist in U.S. small cap investing
CRIMSON was co-founded by Ken Jesudian, former CEO of Burgundy Asset Management, and Anthony Ferrari. We manage one fund, in one asset class, with thirty years of proprietary research expertise.
CRIMSON manages U.S. small cap investments on behalf of both Canadian and U.S. investors.
THE OPPORTUNITY
Why U.S. Small Cap. Why Now.
U.S. small cap equities have reached their most compelling relative valuation in a generation. The S&P 500 has outperformed the Russell 2000 by an unprecedented 164% since 2005. A 24-year valuation low relative to large caps.
24-year valuation low
164% S&P outperformance gap
1 as at December 31, 2025.
