The Hood River New Opportunities Fund is managed by co-founders Brian P. Smoluch and David G. Swank, both born in 1972 and graduates of the University of Virginia with MBAs from Harvard Business School and Dartmouth's Tuck School respectively. Both co-founded Hood River Capital Management in 2013 after extensive experience in small and mid-cap growth investing, with Smoluch serving as CEO and Swank as President. The fund launched on August 5, 2024, and has delivered exceptional performance with institutional shares returning 35.76% for one year and 51.20% annualized inception-to-date returns. The management team employs thorough fundamental analysis, engaging with company management, competitors, customers, and suppliers to identify high-conviction opportunities in the relatively inefficient small and mid-cap market space.

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Hood River Capital Management focuses on generating consistent and persistent outcomes for small- and mid-cap growth investors, believing that U.S. and international small- and mid-cap markets are relatively inefficient, creating opportunities for research-driven value creation. Research is at the core of their investment process, with the firm constructing portfolios of high-quality companies expected to grow earnings faster than the market, trade at attractive valuations, and demonstrate a high likelihood of exceeding Wall Street forecasts. The New Opportunities Fund employs stock selection driven by proprietary fundamental research, maintaining a long-only portfolio of 80-120 growth stocks, with a company becoming a purchase candidate only if portfolio managers are convinced there is a catalyst in place to provide at least 15% stock price appreciation over the next 12 months.

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