Henderson Opportunities (HOT) was launched in 1985 and initially held international small-cap stocks but with a strong UK focus. In 2005, it briefly switched its mandate to UK micro-caps before adopting its current UK all-cap approach in January 2007. HOT was been managed by James Henderson since 2007 with Laura Foll becoming co-manager in 2018 (the pair also manage Lowland and the equity portfolio of Law Debenture). HOT's portfolio consists of around 90 positions but there remains a strong bias towards small-caps with around two-thirds of the portfolio invested outside of the FTSE 100. Perfor...