WS Gresham House UK Micro Cap

Introduction to the fund

This fund has been managed by Ken since 2009, leveraging off a wider team of 50 investment professionals to take advantage of its private equity expertise and to find some truly unexplored ideas. Ken only holds around 50 companies which is very unusual for a smaller companies fund. He sticks to sectors where the team has expertise, which makes it a very different portfolio to anything else in the sector. At the point of investment, most companies are between £50m and £250m in size, but Ken and Brendan will continue to hold successful investments that have grown beyond this.

Fund manager

Ken Wotton, Brendan Gulston

Ken Wotton graduated from Oxford and began his career as a chartered accountant at KPMG. He spent 5 years working as a sell-side analyst for Commerzbank before moving to Evolution, where he covered small-cap telecoms and technology. Ken joined Livingbridge, now Gresham House, in 2007 and has been running the WS Gresham House UK Micro Cap fund since it launched in 2009. Brendan joined Gresham House in November 2018, having previously been at Livingbridge.

Opinion on fund

WS Gresham House UK Micro Cap is a genuine UK micro cap fund, leveraging its resources well to find some truly unexplored ideas, making for a very different portfolio to anything else in the sector. Ken has the accounting expertise to understand the financials and the experience and network of the wider group to provide a large amount of insight. Being such a focused fund, both in terms of portfolio size and sectors, it is a higher risk option. However, there is the potential for strong rewards.

Fund performance

Documents

Key facts

  • Fund size

    £136.2m

  • Chelsea rating

    Buy

  • Core Selection

    No

  • Chelsea Risk Rating

    8

  • AMC

    0.90%

  • OCF

    0.96%

  • Unit Type

    Acc and Inc

  • Yield

    0.07%

  • FundCalibre rating

    Elite Rated

How to invest

Once you know where you want to invest, there are a number of ways you can invest:

  • Log in here and process your instruction
  • Call us on 020 7384 7300 to buy over the phone or request an application form
  • Download an application form and post it to us, along with a cheque
Find out more
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Important information

Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.

The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.

Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).

Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.

Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.

Funds assigned to an alternative IA sector; sector rankings may differ accordingly.

The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.

This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.

Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.

Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.

To find out more about our Chelsea Risk Rating, please visit our dedicated page.

The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).

The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.