The launches come off the back of Australia’s sovereign Future Fund allocating money to small caps strategies earlier in the year as it shifts back to active stock picking. The renewed push from fund houses follows a sustained period of tepid performance among small- and mid-cap funds in the past 12 months. Merchant Group’s Andrew Chapman has lamented the state of small-cap investing. Sharon Smith An 8 per cent rally in the MSCI World Small Index in the last four weeks has sent the benchmark back to where it was 12 months ago. While closer to home, the S &...