Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Liontrust Special Situations Fund (R)

Ranked 45 out of 249 in - UK (All Companies) over 12 months
All calculations are in GBP unless stated

Managed by

Anthony Cross

Anthony Cross joined Schroder Investment Management as a research analyst in 1990 having graduated from Exeter University with a politics degree earlier that year. He moved to the group’s smaller companies team in 1994 and was number two on the desk by 1995. Cross made the switch to Liontrust in 1997 to become a director of Liontrust Investment Services Limited.

Julian Fosh

Born in 1963, Julian Fosh graduated from Merton College, Oxford, in Jurisprudence. The bulk of his career was spent with Scottish Amicable Investment Managers in a 13-year stint prior to its acquisition by Britannic in 1997. He spent less than a year at the new entity before moving to Scottish Friendly. As investment director of the group, his responsibilities included the management of the Scottish Friendly Managed Growth and Scottish Friendly UK Growth unit trusts. Fosh made the switch to Saracen Fund Managers in June 2004 where he worked alongside Jim Fisher on the Saracen Growth Alpha fund. He joined Liontrust in 2008.


The investment objective of the Fund is to provide long-term capital growth. To achieve this aim, the Fund will invest primarily in a concentrated portfolio of UK companies' shares. The Fund will invest where the fund manager believes there are the greatest opportunities to provide long term capital growth. The Fund will not be restricted in choice of investment by either size or sector. The Fund may also invest in transferable securities, money market instruments, warrants, cash and near cash and deposits. The Fund may also invest up to 10% of its property in units or shares in collective investment schemes.

Showing fund performance in United Kingdom View performance globally


UK (All Companies) over : 31/03/2016 - 31/03/2017

Total Return

Quarterly Performance

to 31/03/2017 Annual Q1 Q2 Q3 Q4
2017 5.2%
2016 14.6% -1.0% 2.6% 11.2% 1.5%
2015 12.8% 7.7% 0.6% -3.4% 7.8%
2014 1.0% 1.4% 0.0% -0.8% 0.4%
2013 20.1% 9.8% -0.2% 3.9% 5.4%
2012 22.5% 10.0% -0.1% 9.1% 2.1%
2011 7.6% 5.1% 4.8% -9.1% 7.4%
2010 36.3% 8.2% -2.5% 15.0% 12.2%
2009 41.4% -3.2% 15.7% 19.5% 5.7%
2008 -25.9% -5.1% -1.6% -7.5% -14.2%
2007 0.2% 8.2% 3.2% -5.7% -4.9%
2006 22.1% 8.9% -5.3% 8.6% 9.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
GBP Cash 9.47
Relx PLC ORD 3.98
GlaxoSmithKline PLC ORD 3.97
Unilever PLC ORD 3.97
Diageo PLC ORD 3.90
Royal Dutch Shell Plc B ORD 3.72
Compass Group PLC ORD 3.69
Reckitt Benckiser Group PLC ORD 3.39
AstraZeneca PLC ORD 3.11

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date10/11/2005
  • Share Class size220Mn
  • Base currencyGBP
  • ISIN GB00B0N6YF70

Purchase Info

  • Min. initial investment100,000
  • Min. regular additional investment5,000


  • Annual management1.75%
  • Initial investment5

Related News

AAA-rated Liontrust team buy more Brooks Macdonald

Citywire AAA-rated value experts Anthony Cross and Julian Fosh have upped their stake in long-term holding Brooks Macdonald.

Citywire Selection: our 19 star fund picks

The Citywire Selection team outline their latest 'Star Pick' funds, covering all the major investment areas.

Liontrust to launch micro cap fund for A-rated Cross

The launch is currently scheduled for the beginning of next year.

Liontrust Special Situations

Top fund managers dance on Domino Printing delight

A host of leading fund managers have benefited from the share price surge in the tech firm after a £1 billion bid from a Japanese rival.

AA-rated Cross & Fosh up Brooks Macdonald stake above 16%

Citywire AA-rated Anthony Cross and Julian Fosh have extended their margin as the largest shareholders in Brooks Macdonald

Performance review: why VWM Wealth’s Thomson is buying UK small caps

David Thomson, chief investment officer at VWM Wealth, has reduced his exposure to emerging markets and Japan in favour of UK smaller companies.

Ions defends Liontrust performance as ‘dash to trash’ hurts

The chief executive said Liontrust's funds tend to prefer quality assets, which were out of favour last year.

Why this wealth manager is sticking with emerging markets

Kevin Gillibrand, director and co-founder of Fraser Wealth Management, is keeping faith in emerging markets in spite of recent underperformance.

Mills swoops as Liontrust equity stars sell down Walker Crips

Liontrust's Julian Fosh, Anthony Cross, Jan Luthman and Stephen Bailey have cut their holding in Walker Crips across a spread of funds, and Christopher Mills was quick to scoop of the bulk of the shares they let go of.


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