The idea that 2021 will be a binary choice between growth and value is an oversimplification, and the ROCE Capital team are trying to strike a balance by focusing on profitability.

The boutique, which was launched this summer by former Citywire AAA-rated Timothée Malphettes (centre), Michael Niedzielski (left) and Matthieu Bordeaux-Groult (right), aims to uncover overlooked opportunities in European equities.

Speaking to Citywire Selector, Niedzielski said the firm’s first fund, the ROCE fund, has sought to operate with a high-conviction approach but without overpaying for guaranteed growth.