Queen of the Small Caps takes stake in Hostelworld

The interior of Hostelworld’s new headquarters at Central Park

An American investor known as the Queen of the Small Caps has taken a 4 per cent stake in travel company Hostelworld.

Leah Zell Wanger’s Lizard Investors, which is based in Chicago, is sitting on a stake worth nearly €8.5 million, according to the latest stock exchange filings.

Zell Wanger, who specialises in small cap European companies and is a member of the Council on Foreign Relations, is the younger sister of billionaire ...