Lee Gardhouse departs Hargreaves Lansdown after 28 years
Hargreaves Lansdown’s chief investment officer Lee Gardhouse is leaving the firm after 28 years.
Source: investmentweek.co.uk
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Bestinvest's Spot the Dog finds 42% increase in underperforming funds from six-year low
The number of consistently poorly performing funds has increased 42% since August 2022, Bestinvest’s newest Spot the Dog report has found.
Source: investmentweek.co.uk
Hargreaves funds recoup a further £65m from Woodford payments in 2020
Hargreaves funds recoup a further £65m from Woodford payments in 2020 Multi-manager funds had already received over £300m from first payout last January Hargreaves Lansdown’s multi-manager funds have recouped a further £65m-worth of assets trapped in the Woodford Equity Income fund in 2020. Investors in the six multi-manager funds that held Neil Woodford’s former fund received around £312m in the first round of payouts distributed by authorised corporate director Link Fund Solutions last January. Since then, they have received around £22m in the second distribution in March,...
Source: portfolio-adviser.com