Parisian independent fund manager Mandarine Gestion has picked Harrington Cooper to manage the distribution of one of its funds to UK investors, the firm revealed today.

Parisian independent fund manager Mandarine Gestion has picked Harrington Cooper to manage the distribution of one of its funds to UK investors, the firm revealed yesterday.

The Mandarine Unique - Small & Mid Caps Europe Fund invests in firms with “unique business models and considerable market share in niche markets”, the firm said in a statement.

According to Mandarine Gestion the fund is less volatile than the overall market due to investing companies with strong pricing power.

Managed by Diane Bruno, Marie-Jeanne Missoffe and Marie Guigou, the fund has a five-star rating from Morningstar and holds €265 million ($327.7 million) in assets under management.

The firm is looking to expand its investor-base in the UK, after success with clients of family offices as well as segregated accounts for UK wholesale investors.

In the fund’s four years of operation it has generated a +99.23 per cent return, outperforming the Stoxx Small 200 DR benchmark index of +56.05 per cent.

“We expect to see strong interest from fund selectors who have been consistently telling us that there is a dearth of truly excellent European small cap managers available in the UK market,” said Harry Dickinson, managing partner of UK-based fund distribution firm Harrington Cooper.