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Special situations

Our favourite funds from across the world focused on delivering capital growth

This fund is the purest expression of our research – our favourite fund managers from across the globe in a single, convenient investment.

Lee Gardhouse and Ziad Gergi, Fund Managers

Why invest?

This fund focuses on managers who have shown excellent stock-picking skill, regardless of what areas they specialise in. Our analysis identifies managers with the potential to deliver better returns for investors over the long term. Investors could use this fund to form the equity part of a diversified investment portfolio.

Many of the managers we think are the best stock-pickers focus on smaller and mid-sized companies, which makes the fund a medium to high-risk option. Your money will be invested in shares, and as with most investments, you should plan to hold this fund for at least five years.

You’ll get:

  • A globally diversified portfolio, invested with some of the world's most skilful fund managers.
  • Some investments in higher-risk small and medium-sized companies.
  • Some investments in higher-risk emerging markets.

This fund has a holding in Hargreaves Lansdown plc through the underlying funds. This is outside of HL’s control.

Important - The value of this fund and the income from it can still fall, so you could get back less than you invested, especially over the short term. If you are unsure of the suitability of any investment for your circumstances please contact us for advice. Tax rules can change and benefits depend on individual circumstances.

This fund has a holding in LF Equity Income (formerly the Woodford Equity Income Fund), which is currently being wound up. This fund continues to trade as normal.

View factsheet

View the HL Multi-Manager Special Situations fund prospectus.

At a glance

Investment goal


Relative risk

Moderate to high

Invests in

94.7% Shares

3.2% Cash

2.1% Other

Correct as at 30/04/2021



Not a reliable indicator of future income.

Correct as at 30/04/2022


OCF/TER 1.39%

(plus up to 0.45% p.a. platform charge)


Sell: 408.20 | Buy: 408.20

Correct as at 26/05/2022