UK stars take advantage of end to 'happy families' market

Anthony Cross and Julian Fosh have made rare additions to their Liontrust portfolios, and Standard Life Investments' Ed Legget has bought a raft of new stocks as the shape of the UK market begins to change.

Cross (pictured) and Fosh typically have an annual turnover rate of between 5% and 10%, but made new purchases for their £879m Special Situations portfolio at the end of April, and added positions to their £123m UK Smaller Companies fund. Speaking to Investment Week, Cross and Fosh said the shape of the UK market has changed since the start of the year, providing more opportunities to buy companies that meet their ‘economic advantage’ criteria. “If you had asked me three months ago how easy it was to find opportunities, I would have said there were plenty – but it felt like a game of ...