Vanbrugh makes its mark by doubling investors' money

FUND MANAGER FOCUS

Richard Scott and Daniel Lockyer-managed fund delivers a cumulative return of 94% since launch.

Hawksmoor Investment Management’s Richard Scott and Daniel Lockyer manage the Vanbrugh fund, a fund of funds and investment trusts which has just celebrated its five-year anniversary. The portfolio has delivered a cumulative return of 94% over its lifespan versus the IMA Mixed Investment 20-60% shares sector average of 55%, driven by special situations, mispriced opportunities, and long-term ideas. Here the managers explain their conviction holdings, their best and worst calls of the last five years, and how investment trusts have helped lift performance. How have the five years bee...