Hargreaves Wealth 150 falls to 112 funds as managers struggle

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Hargreaves Lansdown's widely followed Wealth 150 list of recommended funds has fallen by almost a third amid a lack of decent active funds and some soft-closures.

The list - aimed at private investors who pick their own funds - is a collection of portfolios Hargreaves claims are 'superior alternatives' to others available in the market. Mark Dampier, head of research at Hargreaves, said the number of funds in the Wealth 150 had been falling over the last nine months. He said a combination of fund closures and the impact of the financial crisis - which has hurt many funds' long-term track-records - has narrowed the team's options. "I would not be shocked if it fell below 100 in the next year," Dampier said. "Some funds have shut to new money ...

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