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HL adds Liontrust special situations to Wealth 150

Hargreaves Lansdown has added Liontrust special situations to its Wealth 150 list of recommended funds.

HL says the fund, managed by Anthony Cross and Julian Fosh, has performed “extremely well” with growth of 74.6 per cent since launch in November 2005.

It says: “Crucially, our analysis suggests that one of the main drivers of the good performance has been the managers’ ability to consistently select stocks that have performed well.”

The coup for Liontrust comes after a series of recommendations of its European absolute return fund in recent days and after Skandia awarded a £19m mandate to its credit absolute return fund earlier this week.

The group is in a recovery phase after suffering prolonged outflows when its star managers Jeremy Lang and William Pattisson left last year.

It last week reported £76m of net inflows since the start of October, and revealed that in the three months to September it saw its first quarter of net inflows for more than two years.

The special situations fund carries a 1.75 per cent annual management fee, but it has delivered top-quartile returns over six months, one year and three years.


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