Hargreaves Lansdown suffers significant withdrawals on multi-manager funds trapped in LF Equity Income

Two largest mandates lose nearly £400m between them

David Brenchley
clock • 2 min read

Investors withdrew more than £500m from the six Hargreaves Lansdown (HL) multi-manager funds that are trapped in the LF Equity Income fund in the final seven months of 2019, as the funds all underperformed their sector averages, data shows.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Partner Insight: Why security is a durable investment opportunity

Partner Insight: Why security is a durable investment opportunity

Capital Group UK – New Perspective Fund

Kent Chan and Noriko Chen, Capital Group
clock 10 October 2025 • 3 min read
Rathbones' Thomson trimming Nvidia despite it being the 'best performing investment of my career'

Rathbones' Thomson trimming Nvidia despite it being the 'best performing investment of my career'

‘Do not want it to overwhelm my fund’

Eve Maddock-Jones
clock 09 October 2025 • 3 min read
St James's Place adds multi-index risk-rated funds of funds to Polaris range

St James's Place adds multi-index risk-rated funds of funds to Polaris range

Catering to the 'full spectrum' of clients

Patrick Brusnahan
clock 08 October 2025 • 1 min read
Trustpilot