Fosh focuses on intellectual capital for long-term gains

Liontrust manager aims for long-term capital growth on a rolling three-year basis, using an investment process focusing on companies with intellectual capital

Julian Fosh assumed responsibility of Liontrust First Opportunities fund in June 2008. Fosh, who joined from Saracen Fund Managers where he ran its Growth fund, co-manages the £10m vehicle with Anthony Cross. The best ideas focused portfolio, which has a bias towards small-cap stocks, aims to achieve long-term capital growth in excess of the FTSE All-Share Index on a rolling three-year basis. The fund has a concentrated portfolio of 41 stocks. Launched in November 2005, the managers use Liontrust's UK small-cap investment process, known as the Cross Report, to run the fund. The mu...