TM CRUX European Special Situations dropped from Hargreaves Lansdown Wealth Shortlist

'Deviation’ from investment process

The £599m TM CRUX European Special Situations fund has been dropped from Hargreaves Lansdown’s Wealth Shortlist due to a move away from its established investment process and run of poor returns.

Josef Licsauer, investment analyst at Hargreaves Lansdown, said that while HL still regarded the fund's lead manager Richard Pease and his team highly, its "conviction around the fund's performance and investment process has been tested in recent years". The Wealth Shortlist is a collection of funds Hargreaves sees as having "the greatest performance potential" and is designed to give investors some steer to products worth investing in. BlackRock Continental European Income added to Hargreaves Lansdown Wealth Shortlist Regarding the CRUX portfolio and the decision to drop it, Licsa...