HL Multi-Manager Special Situations
An introduction by Lee Gardhouse, fund manager
HL Multi-Manager Special Situations focuses on fund managers who have exhibited the highest levels of stock picking ability. Many of these managers come from "boutique" investment houses. We feel that these fund managers offer investors benefits that some of the larger investment houses cannot. By this we mean that these fund managers can have free rein to follow their conviction and are less constrained by their benchmark. They have an added incentive to perform because often they either own the fund management company themselves or have some sort of revenue sharing agreement. These smaller fund management groups often have seasoned investors at their helm who have witnessed many market cycles which we believe will stand their funds in good stead. Please remember the value of investments can fall as well as rise, so you could get back less than you invest.
Within the portfolio we search for the best stock pickers in each geographical region. Where we find a number of these managers in any one region we will tend to have a higher exposure to these markets. This is why we have such a large exposure to the UK market at the present time. Many investment groups in the UK fit into our requirements for strong incentivisation of the fund management team linked together with excellent stock picking ability.
Snapshot of the fund:
| Stock name | % Weight | |
|---|---|---|
| 1 | Invesco Perpetual High Income | 8.23% |
| 2 | Henderson European Special Situations Class I | 7.65% |
| 3 | First State Asia Pacific Leaders Class A | 7.47% |
| 4 | GLG Japan CoreAlpha Professional | 7.14% |
| 5 | Findlay Park American Fund | 7.13% |
| 6 | Traditional Funds Plc Eastern European | 6.75% |
| 7 | Marlborough Special Situations Class A | 6.52% |
| 8 | Majedie UK Equity Class A | 6.31% |
| 9 | Old Mutual UK Select Smaller Companies (Dublin) | 5.69% |
| 10 | Neptune European Opportunities Class B | 5.54% |
This information is correct as at 01/01/2012
| Stock name | % Weight | |
|---|---|---|
| 1 | GlaxoSmithKline | 1.58% |
| 2 | Vodafone Group | 1.21% |
| 3 | AstraZeneca | 1.11% |
| 4 | BP | 0.87% |
| 5 | British American Tobacco | 0.68% |
| 6 | BG Group | 0.68% |
| 7 | Mitsubishi UFJ Financial | 0.60% |
| 8 | Royal Dutch Shell B | 0.60% |
| 9 | Reynolds American | 0.57% |
| 10 | Taiwan Semiconductor Manufacturing | 0.52% |
This information is correct as at 01/01/2012
Holdings will change over time. Please read the key features of the fund before you invest, so you understand the risks and the charges.
Objectives of the fund
- The HL Multi-Manager Special Situations Trust's objective is to provide long- term capital growth. It aims to achieve this by investing principally with dynamic, driven fund managers often found working within smaller 'boutique' investment houses.
- We focus on selecting exceptional fund managers rather than targeting a specific geographical or sectoral breakdown.
- Specialist asset classes such as property, total return funds and overseas markets will be used where the manager feels it appropriate.
Find out more and invest
in a new account:
Not sure which account to choose?
Invest in an existing account:
Important information
Remember, the value of investments can fall as well as rise, so you could get back less than you invest. The HL Multi-Manager funds are for investors who prefer to make their own investment decisions, without advice. The choice of underlying investments within the funds does not take your personal circumstances into consideration.
The HL Multi-Manager funds are managed by our sister company Hargreaves Lansdown Fund Managers.
Have a question?
- Email us
- Call us on 0117 900 9000
- Mon - Thu:
- 8am - 7pm
- Fri:
- 8am - 6pm
- Sat:
- 9:30am - 12:30pm