Lead Fund Manager Laurence Hulse recently joined John Barron Portfolios for an in-depth conversation about the fund’s journey and investment philosophy.
In this episode, Laurence discusses the origins of Onward Opportunities and our distinctive “dawn and dusk” approach – identifying early-stage recovery and transformation stories, while uncovering deep value where the market has given up.
He also explains how our private-equity style process – combining rigorous due diligence, detailed financial modelling, and on-site company visits – supports disciplined and informed decision-making. The conversation covers our ‘nursery’ approach, where smaller initial positions evolve as conviction builds, with examples including Angling Direct, Alumasc, Likewise, and Pebble Beach.
Laurence also reflects on the challenges and opportunities within the UK small-cap market and the broader role of public markets in driving business growth and wealth creation.
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