Australian small caps performance is trailing large caps on an annualised basis by one of the widest margins, a gap seen only three times since 2002, and each time small caps recovered sharply once pressure eased. Phillip Hudak, Co-Portfolio Manager, Australian Small Companies, shares 10 key investment insights from the Annual General Meeting (AGM) season so far. He also unpacks four investment themes shaping the Maple-Brown Abbott Australian Small Companies Fund and the five key catalysts he believes could release the coiled spring for Australian small caps.