Smallco Investment Manager, Sydney, NSW

Smallco commenced operations in April 2000 and currently manages approximately $425m of funds spread across the Smallco Investment Fund, the Smallco Broadcap Fund and a Broadcap mandate from a family office. Smallco was founded in 2000 by Rob Hopkins and Bill Ryan who had worked together previously at ANZ Securities during the 1990’s. They founded Smallco on the premise that inefficiencies do exist within the pricing of smaller companies within the Australian listed securities market. Looking to leverage this inefficiency, they established the Smallco Investment Fund (SIF) in October 2000. SIF is a high conviction, smaller company focused retail fund which invests in securities listed on the Australian Securities Exchange and cash based upon deep fundamental research. Andrew Hokin joined Smallco in 2007. He had worked for Rob Hopkins within the Smaller Companies Research investment team at Macquarie Securities and had worked with Bill Ryan previously. With his time as a broking research analyst with Macquarie Securities, Andrew has covered a large portion of the Australian securities market. His last role prior to joining Smallco was as the Head Banking Research Analyst for Macquarie Securities. Andrew is the senior fund manager for the Smallco Broadcap Fund (SBF). SBF is a concentrated, long only, Australian Equities fund that provides a broader exposure to the Australian equity market than the primarily small cap focused Smallco Investment Fund. Organisational Structure Smallco Investment Manager (Smallco) Investment Managers The investment managers are Rob Hopkins, Bill Ryan, Andrew Hokin and Craig Miller who combined, have over 70 years experience in the Australian investment market.

• Financial Consultant