Inglis-Jones adds 'best ideas' focus to Liontrust fund

Liontrust's James Inglis-Jones and his team have revamped their European Absolute Return fund and have begun to convert their UK Income fund to a global mandate.

Inglis-Jones (pictured) and co-managers Gary West and Samantha Gleave have concentrated the Absolute Return fund’s long book, halving the number of positions and focusing on a core group of five double-weighted ‘best ideas’. The team is running a diversified book of around 70 short positions, with Inglis-Jones acknowledging it is hard to find ideas to short in the current environment. The long book, however, has been concentrated to just 23-24 holdings. “We run 20, 15 and even ten-stock mandates for some clients. So we have taken a much more concentrated approach [in European Absolut...