Talking Money: Do best buy lists of funds really add any value?
Lee Gardhouse, CIO of market leader HL, gives his candid verdict
Lee Gardhouse is the Chief Investment Office of Hargreaves Lansdown, the UK’s largest stock and fund broking firm, which boasts 950,000 active clients and administers or manages £79 billion of client money on its platform. His responsibilities include researching the firm’s influential Wealth 150 list of favourite funds and managing its range of in-house multi-manager funds.
In the latest Money Makers podcast, he and Jonathan Davis discuss the way that HL chooses funds – a highly topical issue in the wake of the regulator’s forthcoming review of how investment platforms research, rate and charge for the funds they put on their best buy lists, Lee also explains whyHargreaves Lansdown recently published its own assessment of how well its Wealth 150 selections have performed – and candidly assesses both tis strengths and weaknesses of its methods.
These podcasts are the latest in a series of free regular interviews with prominent figures in the investment world, brought to you by Money Makers. You can sign up here to be notified about the next podcasts in the series, which are free to air – or subscribe on iTunes and other podcast services. Jonathan Davis, the founder of Money Makers, is also the founder of Independent Investor, a sister publishing and newsletter business. An active professional investor, he is a Senior Adviser at Saunderson House, a Member of the Chartered Institute for Securities and Investments and the author of several books about professional investors. More details at www.independent-investor.com.
Lee Gardhouse, 43, graduated from Liverpool John Moores University with a BA in Economics and joined Hargreaves Lansdown as a trainee fund manager in 1995. He has been responsible for the Hargreaves Lansdown multi-manager fund range since 2001 and also manages the firm’s Portfolio Management Service. Hargreaves Lansdown runs the UK’s largest fund platform and is a member of the FTSE-100 index.