Ravenscroft 'scales back' from UK retail market

Harries exits

Ravenscroft, the investment management firm backed by Stephen Lansdown, has taken the decision to cut the promotion of its funds to the UK retail market after a strategic review.

The Guernsey-based firm launched its Huntress Balanced and Global Blue Chip funds to the UK retail market in 2017 and also hired Mark Harries, former multi-asset manager at Aberdeen,  as head of investment management UK. However, the group said it carried at a review earlier this year which has led to Harries leaving the business. Stephen Lansdown: My plans to expand Ravenscroft's 'island discipline' into the UK and beyond Mark Bousfield, group managing director of Ravenscroft, said: "Following a strategic review of its business operations at the start of 2019, investment services ...