Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Legal & General UK Alpha R Acc

Ranked 256 out of 259 in - UK (All Companies) over 12 months
All calculations are in GBP

Managed by

Richard Penny

Leeds born Richard Penny holds a Masters degree in engineering from Brasenose College Oxford, and is an Associate of the Institute of Investment Management and Research (AIIMR). Richard’s investment career began in 1992, working with Scottish Amicable for four years before moving on to M&G in 1996. He joined his current employer, Legal & General, in 2001. As well as managing the UK Alpha Fund Richard also runs a Legal and General hedge fund. Away from the office his leisure activities include golf and tennis.


The objective of this fund is to provide growth. The fund will typically invest between 90% and 100% in company shares from a small number of UK companies. The fund will invest in smaller and medium sized companies and also larger sized companies which form part of the FTSE All-Share, Fledgling and Alternative Investment Market (AIM) indices of shares. These indices consist of shares of a variety of UK companies representing all economic sectors.


UK (All Companies) over : 28/02/2014 - 28/02/2015

Total Return

Quarterly Performance

to 01/01/2015 Annual Q1 Q2 Q3 Q4
2014 -1.8% 5.5% -3.8% 0.3% -3.5%
2013 42.1% 16.8% -2.5% 13.5% 9.9%
2012 6.2% 8.6% -11.1% 10.1% -0.1%
2011 -14.4% 2.9% 1.2% -14.9% -3.5%
2010 35.7% 4.0% -5.9% 23.2% 12.6%
2009 89.8% 11.5% 28.6% 31.4% 0.8%
2008 -36.8% -4.9% 7.2% -21.3% -21.2%
2007 7.8% 11.3% 13.4% -7.1% -8.1%
2006 27.1% 5.9% 0.1% 4.9% 14.4%
2005 10.7% -6.3%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Quantum Pharma PLC ORD 5.28
Prudential PLC ORD 5.27
First Derivatives PLC ORD 5.25
Smart Metering Systems PLC ORD 5.10
Horizon Discovery Group PLC ORD 4.78
Greenko Group PLC ORD 4.45
Melrose Industries PLC ORD 4.38
Vernalis PLC ORD 4.36
Vectura Group PLC ORD 3.88
InternetQ PLC ORD 3.75

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date27/05/2005
  • Share Class size198Mn
  • Base currencyGBP
  • ISIN GB00B079QX49

Purchase Info

  • Min. initial investment500
  • Min. additional investment50


  • Annual management1.5%
  • Initial investment5

Related News

Osborne gives house builders a boost as FTSE rises

MARKET BLOG: Miners and house builders are among the winning shares as stimulus hopes help propel the FTSE 100 higher.

L&G's AAA-rated Penny's top growth stocks for 2011

L&G Investment's top performing manager sees a number of exciting opportunities for his asset class this year.

L&G UK star Penny goes overseas to top the sector

Stocks deriving much of their growth overseas have pushed Penny to the top of the UK All Companies sector

Convictionometer - Richard Penny, Legal & General UK Alpha Trust

From Bearish to Bullish, see how five of the top fund managers from the UK All Companies sector have performed and read their views of the market.

L&G's AA-rated Richard Penny reveals his UK small cap picks

L&G Investments' UK specialist gives his outlook for small caps following their rebound last year and highlights some of his top small cap picks.   

Richard Penny: Bank woes mean refinancing bonanza for savvy fund managers

The newly AAA-rated manager of the L&G UK Alpha Trust explains why he's a big fan of refinancing deals at the moment.

Hold or fold: Newton UK Opportunities

Negativity about UK banks meant the fund did not benefit from the recent rally but its strong stance makes it attractive for our adviser panel

Unsung Hero: Penny wise to the value of hidden bargains

Richard Penny learned the value of money at a young age – and he is still on the look-out for bargain buys.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).