Key Takeaways
- • David Nadel serves as Senior Portfolio Manager and Head of International & Global Small-Mid Cap strategies at Invesco, leading the Invesco Oppenheimer International Small-Mid Company Fund with a mandate focused on capital appreciation through exposure to international small- and mid-cap equities.
- • Nadel brings 30+ years of investment experience, including 13 years as a principal at The Royce Funds where he founded and managed the firm's international investing practice, plus prior roles at Pequot Capital, Neuberger Berman, and early-career experience at Lazard Freres and Value Partners hedge fund in Hong Kong.
- • The Invesco International Small-Mid Company Fund seeks to identify exceptional international small- and mid-cap companies positioned to generate attractive risk-adjusted returns, with at least 80% of net assets invested in qualifying securities under normal market conditions.
- • Nadel's educational credentials include an MBA from Harvard Business School, an AM from Harvard University, and a BA (magna cum laude) from Williams College with Phi Beta Kappa honors, positioning him as an analytically rigorous portfolio manager for institutional investor bases.
Summary
David Nadel is a Senior Portfolio Manager at Invesco focused on international small- and mid-cap equity strategies. He joined Invesco in 2019 and currently serves as Head of International & Global Small-Mid Caps, leading the Invesco Oppenheimer International Small-Mid Company Fund. The fund's investment objective centers on capital appreciation through exposure to international small- and mid-cap companies positioned to deliver attractive risk-adjusted returns to institutional and individual investors.
Nadel's career trajectory reflects deep expertise in international equity markets and alternative investment strategies. Prior to Invesco, he spent 13 years at The Royce Funds as a principal, where he founded and built out the firm's international investing practice. During his tenure there, he lead-managed an international small/mid-cap growth fund and sole-managed a global small/mid-cap growth fund. His experience extends further back to principal roles managing international small/mid-cap strategies at Pequot Capital and Neuberger Berman, where he earned recognition as an Institutional Investor-ranked analyst. He began his investment career in 1992 on the mergers and acquisitions team at Lazard Freres before working as an analyst at Value Partners, a prominent Hong Kong-based hedge fund.
His educational background emphasizes analytical rigor and quantitative finance. Nadel holds an MBA from Harvard Business School, an AM (Master of Arts) from Harvard University, and a BA degree (magna cum laude) from Williams College, where he was elected to the Phi Beta Kappa honor society. This combination of Harvard-level academic training, 30+ years of industry experience spanning multiple continents, and demonstrated success building international small-cap investment platforms positions him to navigate the complexities of identifying alpha-generating opportunities in less-efficiently priced international small- and mid-cap markets—an area where information asymmetries and sell-side research gaps often create opportunities for skilled active managers.
Nadel's career trajectory reflects deep expertise in international equity markets and alternative investment strategies. Prior to Invesco, he spent 13 years at The Royce Funds as a principal, where he founded and built out the firm's international investing practice. During his tenure there, he lead-managed an international small/mid-cap growth fund and sole-managed a global small/mid-cap growth fund. His experience extends further back to principal roles managing international small/mid-cap strategies at Pequot Capital and Neuberger Berman, where he earned recognition as an Institutional Investor-ranked analyst. He began his investment career in 1992 on the mergers and acquisitions team at Lazard Freres before working as an analyst at Value Partners, a prominent Hong Kong-based hedge fund.
His educational background emphasizes analytical rigor and quantitative finance. Nadel holds an MBA from Harvard Business School, an AM (Master of Arts) from Harvard University, and a BA degree (magna cum laude) from Williams College, where he was elected to the Phi Beta Kappa honor society. This combination of Harvard-level academic training, 30+ years of industry experience spanning multiple continents, and demonstrated success building international small-cap investment platforms positions him to navigate the complexities of identifying alpha-generating opportunities in less-efficiently priced international small- and mid-cap markets—an area where information asymmetries and sell-side research gaps often create opportunities for skilled active managers.
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