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Legal & General UK Special Situations

Ranked 54 out of 251 in - UK (All Companies) over 12 months
All calculations are in GBP unless stated

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.


To provide growth. The fund will typically invest between 80% and 100% in UK company shares. The fund may also invest in company shares from Europe. The fund will invest in companies considered, in the manager's view, to be undervalued by the market. This fund may not be appropriate for those who plan to withdraw their money within 5 years.

Showing fund performance in United Kingdom View performance globally


UK (All Companies) over : 31/01/2017 - 31/01/2018

Total Return

Quarterly Performance

to 01/01/2018 Annual Q1 Q2 Q3 Q4
2017 16.1% 5.6% 3.7% 2.7% 3.2%
2016 11.2% -1.1% 1.3% 12.6% -1.4%
2015 14.0% 5.4% 2.6% -1.9% 7.5%
2014 -3.1% 2.6% -10.1% 4.1% 1.0%
2013 38.4% 13.7% -1.3% 15.3% 6.9%
2012 14.7% 11.9% -6.7% 7.9% 1.8%
2011 -11.7% 0.8% -1.3% -17.3% 7.4%
2010 8.8% 4.5% -10.7% 10.8% 5.2%
2009 15.4% -10.2% 4.5% 15.8% 6.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date10/11/2008
  • Share Class size286Mn
  • Base currencyGBP

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment0


  • Annual management1.83%
  • Initial investment0

Related News

Crux hires LGIM's Richard Penny

The fund manager leaves Legal & General Investment Management after 16 years at the firm.

L&G to merge away Penny and Black funds

Legal & General Investment Management is to consolidate its UK equities range by merging two funds each for two of its star managers.

Polar Capital hires L&G's Rushton for UK absolute return launch

Polar Capital has hired L&G Investment Management's Guy Rushton to launch an absolute return fund for the boutique.

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