Odyssean Investment Trust (ticker: OIT) was launched in 2018 to invest in UK smaller companies with a target market cap range of £150m to £750m. It holds a concentrated portfolio, usually between 15 and 20 companies and with 80% or more in its largest ten positions. OIT is one of a small group of trusts that employ a 'private equity' approach, often taking a seat on a company's board and holding a notifiable stake, looking to dispose of a business unit or exiting via a takeover. OIT is part of the Harwood Capital stable and is run by Odyssean Capital, which was set up by Stuart Widdowson, Ed W...
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UPDATE: A revised version of this profile was published in August 2025.
Odyssean Investment Trust launched in May 2018 and it has been one of the best-performing UK small-cap investment trusts since its IPO. It has a highly concentrated portfolio and a strict valuation discipline, seeking out-of-favour quality companies mostly in the £100m to £1bn market cap range. Its managers, Stuart Widdowson and Ed Wielechowski, both used to work in private equity at HgCapital and Odyssean uses a similar approach, actively engaging with company management and encouraging them to take the steps needed to g...
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Stuart Widdowson is the manager of the Odyssean investment trust, a relatively recent newcomer to the UK smaller companies sector, it having IPOed in May 2018. The investment approach he adopts is the same however as the one which he pursued when managing the Strategy Equity Capital trust, with good results, from 2009 to 2016, so his track record therefore is effectively longer than it might at first appear.
The objective of the trust is to run a concentrated portfolio of UK-listed small and medium-sized companies that is largely neutral between a value and growth approach, with a focus on...
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