Edison Releases Report on Rockwood Strategic

On May 28, 2025, Edison Investment Research issued a report on Rockwood Strategic (RKW), managed by Richard Staveley of Harwood Capital. The fund targets a 15% annual internal rate of return through a focused portfolio of UK small-cap stocks. Staveley employs a value-based strategy, focusing on companies with market caps under £250 million that are significantly undervalued compared to their intrinsic value. This approach leverages inefficiencies in the lower end of the UK market, potentially offering lucrative opportunities. Over time, RKW has notably exceeded the performance of both the broader UK market and its small-cap counterparts.