Rivington Street Holdings - Flagship SF t1ps Smaller Companies Growth Fund reports 66.03% growth in FY NAV
04-03-2010

The SF t1ps Smaller Companies Growth Fund – the first and largest fund managed by t1ps Investment Management, part of the PLUS quoted media and financial services group, Rivington Street Holdings (“RSH”), has reported that its Net Asset Value in the year to February 28th 2010 increased by 66.03%. This compares to an increase of 56.90% in the FTSE UK Small Cap.

RSH CEO, Tom Winnifrith, commented:

”Once again our cautious value based strategy has paid results for unit holders. I have significant exposure to the fund myself via my 2008/9 and 2009/10 ISAs and through my SIPP and therefore am doubly delighted by the results. The Board of RSH sees fund management as a key driver of RSH’s growth over the next few years and this excellent performance by the Growth Fund, which accounts for 66.97% of our Funds Under Management, provides the platform for this.”

He added:

”We remain of the view that UK small caps are materially undervalued and are continuing with our strategy of adding to our holdings in companies where we already have positions, where value is apparent and where management is delivering, rather than in seeking to broaden the portfolio.”

T1ps Investment Management now manages or advises 4 investment vehicles and its Funds Under Management have grown from £3.2 million on 1st September 2008 to £11.02 million on 1st September 2009 to £18.86 million today.

ENDS

ENQUIRIES
Bishopsgate Communications
Nick Rome
 

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