TM CRUX European Special Situations dropped from Hargreaves Lansdown Wealth Shortlist

'Deviation’ from investment process

Eve Maddock-Jones
clock • 2 min read

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Funds

UK equity funds continued to experience the heaviest outflows of any region, with investors redeeming £1.3bn over the month.

Outflows slow to £137m in October as UK investors gravitate towards safer assets

Investment Association UK fund flows

Valeria Martinez
clock 07 December 2023 • 2 min read
The fund has an investable universe of more than ten sovereign and quasi-sovereign issuers and over 500 corporates across 15 countries.

Amundi unveils Asia income ESG bond fund

Managed by Joevin Teo

Valeria Martinez
clock 07 December 2023 • 2 min read
CEO Ian Simm (pictured) told Investment Week about the firm’s plans to launch a social themes equity strategy earlier this year.

Impax AM launches first Article 9 social equity strategy

'Strong corporate cultures'

Valeria Martinez
clock 05 December 2023 • 2 min read