By centring on intangible assets, anthony cross's liontrust intellectual capital trust consistently posts top-half returns
Volatility in the UK Smaller Companies sector over the past few years, as the tech bubble and interest rate falls have made achieving consistent returns a hard task for fund managers. In 1998 the best performing fund in the sector, the Discretionary Unit Trust, finished 1999 ranked 64 out of 66. Similarly in 1999 the Close Beacon Investment fund topped the sector, yet in 2001 it had underperformed by 13.2% and was ranked 59 out of 70. Anthony Cross's Liontrust Intellectual Capital Trust, however, has never had a calendar year outside the first or second quartile and is one of only four ...
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