Mark Lyttleton’s £1.7 billion BlackRock U.K. Absolute Alpha fund has been removed from Hargreaves Lansdown’s (HL) Wealth 150 list of recommended funds, Financial Times reports. The move comes as HL saw deterioration in Lyttleton’s stock selection.
The financial services firm has also deleted Lyttleton’s U.K. Dynamic fund from the list, adds FundWeb. The Dynamic fund has returned 64.7% versus the sector return of 25.9% since launch, while the Absolute Alpha fund has returned 48.9% since its launch in 2005.
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