Equity bias rewards Hargreaves

The £7m fund launched on June 2, which aims to provide income and capital growth, has, according to Lipper data to October 31 2006, returned 5.2pc. In comparison, the £308.6m Credit Suisse Multi-Manager Cautious Managed fund produced 4.6pc during the same period, and the £146.6m Abbey National Multi Manager Balanced fund returned 3.9pc over the same period. Gardhouse’s portfolio also beat the £44.37m Cazenove Multi-Manager Diversity fund which returned 3.2pc from June 2 to October 31 2006. The Hargreaves Lansdown fund has also fared well compared to the IMA Cautious Managed sector which...