Update to Royce’s Global Small Cap Quality Strategy —Royce
article 04-01-2021

Mark Fischer Joins the Portfolio Management Team for Royce’s Global Small Cap Quality Strategy

Experienced international small-cap analyst Mark Fischer will serve as Portfolio Manager for Royce’s Global Small Cap Quality Strategy.


April 1, 2021—Mark Fischer has been elevated to Portfolio Manager for Royce’s Global Small Cap Quality Strategy, which the firm currently uses in a sub-advised portfolio for Japanese retail investors and will soon make available in comparable funds for Australian and Canadian investors later this year. Mr. Fischer’s previous title was Senior Analyst, Director of International Research, and he will continue to work alongside Portfolio Manager Mark Rayner.

“I am delighted that Mark is joining the portfolio management team,” Mr. Rayner said. “In his time at Royce, he has demonstrated an expert understanding and execution of our very disciplined, long-term investment style—and done so with remarkable speed as he joined us in 2020. These skills, combined with his undoubted talent in company analysis and exceptionally high standards to which he always works, make him the ideal new member of the portfolio management team. I very much look forward to continuing to work closely with him in pursuit of attractive long run investment returns for our clients.”

Mark is a dual citizen of Germany and the U.S., is fluent in German, and proficient in French. He holds a bachelor's degree in economics from the University of Chicago, where he was a member of Phi Beta Kappa Honor Society. He also received his Master of Business Administration in Finance and Entrepreneurship from the Booth School of Business at the University of Chicago, where he graduated with Honors.

“The breadth and inefficiency of the global small-cap space makes it, in my opinion, one of the most exciting yet also timeless asset classes,” Mark Fischer said. “I look forward to working on behalf of our clients to ensure we continue delivering the best possible long-term results.”

Important Disclosure Information

Royce Investment Partners, investment adviser to The Royce Funds, is a small-cap equity specialist offering portfolios with distinctive investment approaches to address specific investment goals. The firm has been managing U.S., global and international micro-cap, small-cap and small/mid-cap strategies portfolios for more than 45 years.



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