Manager of the £88m Liontrust UK Mid Cap and £10m UK Opportunities funds Mark Martin has been placed on gardening leave "with immediate effect", following the news that his funds will be rolled into star duo Anthony Cross and Julian Fosh’s £480m UK Growth vehicle.
Liontrust UK Growth, which has been managed by Cross and Fosh since its launch in 2009, aims to achieve capital growth over at least five-year periods through a relatively concentrated portfolio of 44 stocks from across the market cap spectrum. It does so through the managers' Economic Advantage process, which aims to find companies with hard-to-replicate characteristics such as intellectual property, strong distribution channels and significant recurring business. Martin's UK Opportunities and Mid Cap funds, which he launched at Neptune in 2006 and 2008 respectively, also have minimu...
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