Hugh Hendry has hit out at Hargreaves Lansdown for axing his Eclectica Agriculture fund from its Wealth 150 list, labelling the group's reasons for removing the fund as ‘mystifying'.
Hendry's Eclectica Agriculture fund was cut from the Hargreaves' recommended fund list last week, with the Bristol-based group citing "disappointing short-term performance" as the major factor behind the removal. However, Hendry is calling for Hargreaves to publicly retract its statement, saying his fund has outperformed a number of agriculture vehicles over past year, including another similar fund in the Wealth 150 recommended list, Sarasin AgriSar. "The excuses Hargreaves Lansdown gave were poor. We do not have disappointing short term performance," Hendry says. "In fact, if you...
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