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Cyan Investment Management is a Melbourne-based boutique fund manager co-founded by Dean Fergie, running a single, deliberately narrow strategy: the long-only Cyan C3G Fund, focused exclusively on ASX-listed small and micro-cap companies with market capitalisations roughly between $50 million and $200-300 million. The firm avoids resources, biotechnology and other pre-revenue speculative sectors, instead emphasising companies with demonstrable revenue growth, using quarterly cash-flow disclosures to assess financial health where traditional earnings metrics are unreliable. Cyan prides itself on close, direct relationships with its (often high-net-worth) investors, offering regular reporting and monthly liquidity. Fergie's philosophy of doing 'one thing well' has produced a long-running, tightly focused track record in Australia's under-researched micro-cap segment.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.