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GLOBAL FUNDAMENTAL TEAM




MEET THE TEAM

Headed by James de Uphaugh, the Global Fundamental team has a strong track
record of active management of equities for institutional investors,
intermediaries and their clients since 2002. The team’s offering initially
focused on UK equities but expanded in 2007 to include a global long/short
equity fund and again in 2014 to include US, Global and International equities
strategies. The appointment of James de Uphaugh as lead manager of the Edinburgh
Investment Trust in 2020 demonstrates the reputation and investment acumen of
the Global Fundamental team. Following the acquisition of Majedie Asset
Management in 2022, the team brought their funds and expertise to Liontrust. 





 

James de Uphaugh
James de Uphaugh joined Liontrust in April 2022 as part of the acquisition of
Majedie Asset Management where he was Chief Investment Officer and Fund Manager.
James de Uphaugh
Thomas Smith
Thomas joined Liontrust in October 2019 as part of the acquisition of Neptune
Investment Management, where he started his investment career. Thomas has a
Master’s degree in Chemistry from Oxford University. Read more
Ewan Thompson
Ewan joined Liontrust in October 2019 as part of the acquisition of Neptune
Investment Management, where he started his investment career. Prior to joining
Neptune in 2006, he worked as an editor for Yale University Press.  Read more
Hong Yi Chen

Hong Yi Chen manages the US Equity Fund and US Opportunities Fund, and is
Co-Fund Manager of the Global Equity, Global Focus, Global Balanced, Global
Alpha and Global Smaller Companies funds. Hong joined Liontrust in April 2022 as
part of the acquisition of Majedie Asset Management where he was an Equity
Analyst and Co-Fund Manager for 12 years and is a member of the Global
Fundamental team.

Hong holds a Bachelor of Arts degree in Economics from Gonville and Caius
College, Cambridge and is a CFA Charterholder.

Read more
Imran Sattar
Imran Sattar joined Liontrust in April 2022 as part of the acquisition of
Majedie Asset Management where he was a Fund Manager for four years. Read more
Tom Hosking

Tom joined Liontrust in April 2022 as part of the acquisition of Majedie Asset
Management, where he was an Equity Analyst and Co-Fund Manager for eight years
and is a member of the Liontrust Global Fundamental team.

Read more
Dan Ekstein
Dan Ekstein joined Liontrust in April 2022 as part of the acquisition of Majedie
Asset Management where he was an Equity Analyst for three years. Read more
Emily Barnard
Emily Barnard joined Liontrust in April 2022 as part of the acquisition of
Majedie Asset Management where she was an Equity Analyst for six years. Read
more
Ruth Chambers
Ruth joined Liontrust in October 2019 as part of the acquisition of Neptune
Investment Management. Prior to joining Neptune, Ruth was a field engineer for
Schlumberger before working as an oil & gas equity research associate for Bank
of Montreal. Read more
Tinger Wen
Tinger Wen joined Liontrust in April 2022 as part of the acquisition of Majedie
Asset Management where he was an Equity Analyst for five years. Read more
Sam Bealing

Sam Bealing is a Fund Manager on the Global Fundamental team. Sam joined
Liontrust in May 2022. Prior to joining Liontrust, Sam worked at UBS Investment
Bank where he was a Director on the Specialist Equity Sales team covering Small
& Midcaps and Real Estate.

Sam holds a Bachelor of Arts degree in Economics and Management from Oxford
University and is a CFA Charterholder.

Read more


OUR INVESTMENT PROCESS


At the core of the team’s investment approach is deep, fundamental research
driven by original thinking to find share price inflection points that can drive
long-term performance.

The team is able to invest across sectors and markets and pays particular
attention to ESG risks and opportunities as part of the investment process.
Digital technology underpins the research platform, and the team is structured
to foster a robust and honest environment rich in dialogue and debate. 




FUNDS MANAGED BY THE TEAM

The team take a flexible and pragmatic approach, investing across sectors and
across markets with a focus on sustainability.


FUNDS MANAGED BY THE TEAM

The team take a flexible and pragmatic approach, investing across sectors and
across markets with a focus on sustainability.

Global Fundamental


EDINBURGH INVESTMENT TRUST PLC

Edinburgh Investment Trust, which was launched in 1889, offers a high-conviction
portfolio of UK equities. James de Uphaugh aims to deliver long-term added value
regardless of economic and market conditions.

Home
Global Fundamental


UK EQUITY FUND

The Fund is managed by Imran Sattar from the Liontrust Global Fundamental team.
It aims to generate capital growth over the long term through an actively
managed UK equities portfolio.

View fund
Global Fundamental


UK FOCUS FUND

The Fund is managed by Imran Sattar from the Liontrust Global Fundamental team.
The Fund aims to generate capital growth over the long term through a
concentrated, actively managed UK equities portfolio.

View fund
Global Fundamental


GLOBAL EQUITY FUND

The Liontrust Global Equity Fund is managed by Tom Hosking and Hong Yi Chen. The
Fund, launched in 2014, aims to deliver a total return after costs and charges,
combining income and capital growth, in excess of the benchmark over any
five-year period.

View fund
Global Fundamental


GLOBAL FOCUS FUND

The Liontrust Global Focus Fund is managed by Tom Hosking and Hong Yi Chen. The
Fund, launched in 2014, is a concentrated global equities portfolio and aims to
deliver a total return after costs and charges, combining income and capital
growth, in excess of the benchmark over any five-year period.

View fund
Global Fundamental


GF INTERNATIONAL EQUITY FUND

Managed by Tom Hosking of the Liontrust Global Fundamental team, the
Irish-domiciled Fund is a high conviction portfolio, which captures emerging and
developed market opportunities (largely excluding the US) and aims to produce a
total return over the long term.

View Fund
Global Fundamental


GF UK EQUITY FUND

The Fund is managed by Imran Sattar from the Liontrust Global Fundamental team.
It aims to generate capital growth over the long term through an actively
managed UK equities portfolio.

View fund
Global Fundamental


GF US EQUITY FUND

Managed by Hong Yi Chen of the Liontrust Global Fundamental team, the Irish
domiciled Fund aims to produce capital growth over the long term through
investment in a diversified portfolio of primarily US equities.

View fund
Global Fundamental


INCOME FUND

The Fund is constructed using a distinctive, flexible style encompassing
elements of Growth and Value investing. This helps mitigate style bias and
produces balanced portfolios, with a potential to perform across different
market and economic cycles.

View fund
Global Fundamental


US OPPORTUNITIES FUND

The Fund seeks to identify companies that will be the beneficiaries of
digitalisation in the US and invest across three different categories of these
beneficiaries: the disruptors, embracers and enablers.

View fund
Global Fundamental


BALANCED FUND

The Liontrust Balanced Fund is managed by Tom Hosking and Hong Yi Chen. The Fund
aims to generate capital growth over the long term (5 years or more) with the
potential for income through investing in global equities and bonds.

View fund
Global Fundamental


CHINA FUND

The Fund seeks to invest in Emerging Leaders equities, which are companies with
the resources and capabilities to survive and prosper given the huge levels of
disruption across the economy in China.

View fund
Global Fundamental


EMERGING MARKETS FUND

The Fund seeks to identify Emerging Leaders equities, which are companies with
the resources and capabilities to survive and prosper given the huge levels of
disruption across emerging markets economies.

View fund
Global Fundamental


GLOBAL ALPHA FUND

The Liontrust Global Alpha Fund is managed by Tom Hosking and Hong Yi Chen. The
Fund aims to generate capital growth over the long term (5 years or more). The
Fund invests in global equities and has the ability to hold fixed income and
alternatives.

View fund
Global Fundamental


GLOBAL SMALLER COMPANIES FUND

The Liontrust Global Smaller Companies Fund is managed by Tom Hosking and Hong
Yi Chen. The Fund aims to generate capital growth over the long term (5 years or
more). The Fund invests at least 80% of the portfolio in shares of small sized
companies across the world. These are companies which, at the time of purchase,
have a market capitalisation of under £10 billion.

View fund
Global Fundamental


INDIA FUND

The Fund seeks to identify Emerging Leaders equities, which are companies with
the resources and capabilities to survive and prosper given the huge levels of
disruption across the economy in India.

View fund
Global Fundamental


JAPAN EQUITY FUND

The Fund seeks to identify Industry Leaders via a sector-by-sector analysis
process, investing in companies that dominate their global industry. These
stocks have exposure to faster growing regions, such as emerging markets.

View fund
Global Fundamental


LATIN AMERICA FUND

The Fund seeks to identify Emerging Leaders equities, which are companies with
the resources and capabilities to survive and prosper given the huge levels of
disruption across Latin American economies.

View fund
Global Fundamental


RUSSIA FUND

The Fund seeks to identify Emerging Leaders equities, which are companies with
the resources and capabilities to survive and prosper given the huge levels of
disruption across the economy in Russia.

View fund
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“OUR FLEXIBLE APPROACH HAS STOOD THE TEST OF TIME FOR GOOD REASON. IT PROVIDES
SCOPE TO INVEST ACROSS THE MARKET WHERE OPPORTUNITIES ARISE AND VALUATIONS
DICTATE.”




LATEST INSIGHTS

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From films to theme parks, the horror industry is huge. The emotion of fear
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companies like Zomato are working hard to stand out from the competition and
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Watch Now
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