Alex Sasso

Small-cap manager tries to add alpha with "under-loved" stocks.

Michael Ryval 17 July, 2009 | 6:00PM
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During what was the worst year for small-cap stocks in four decades, Alex Sasso tried to ease the pain for his investors. He raised cash levels inNorrep  to relatively high levels, sold companies whose fundamentals were deteriorating, and shifted into more defensive names.

Despite all these efforts, the fund took still took a significant hit. It lost 51% in 2008, compared with the 53.3% loss of the benchmark BMO Small Cap Weighted Equity Only Index.

"Our investment methodology is to try to add alpha [excess returns] with under-followed and under-loved stocks," says lead manager Sasso, 41, who works in the Toronto office of Hesperian Capital Management Ltd. and also recently became CEO of the Calgary-based company.

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Michael Ryval

Michael Ryval  Michael Ryval, a regular contributor to Morningstar, is a Toronto-based freelance writer who specializes in business and investing.

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