Sanford DeLand Free Spirit eyes substantial growth as fund turns three

Product returns nearly 36% over the period

Mike Sheen
clock • 2 min read

Sanford DeLand (SDL) hopes to substantially grow its top-performing Free Spirit fund after "broadening" the sub-£10m fund's investor base as it reached its three-year anniversary in January, according to co-manager Andrew Vaughan.

Vaughan, who replaced Rosemary Banyard late last year after she departed a few months earlier, said SDL is now actively marketing the fund, which is already starting to attract inflows. The fund has returned 35.8% over three years to 3 May, according to FE fundinfo, placing it comfortably in the top quartile of the IA UK All Companies sector which has lost 7% over the same period. Vaughan noted that growing the fund, which invests primarily in small- and mid-cap stocks with flexibility to invest in some larger stocks, to the levels of SDL's flagship £1.3bn Buffettology fund would be "...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Assets in the fund became "too few to keep the fund alive" following investors pulling their capital, however, the fund is still offered in separate accounts and LPs.

William Blair IM pulls UCITS China offering following 'key investor' withdrawals

'Assets too few to keep the fund alive'

clock 05 January 2024 • 1 min read
Of the firm's 124 equity categories, 19 returned a net negative performance in 2023, with the bottom ten dominated by Asia exposures.

Asian funds endure poor performance in 2023 as local currency bonds thrive

European fund performance review

Elliot Gulliver-Needham
clock 05 January 2024 • 2 min read
Royal London Short Money Market first took the top spot in October 2023, where it remains, while the £22.7bn Terry Smith fund has since been further overtaken by L&G Global Technology Index and Vanguard LifeStrategy 80% Equity.

Fundsmith Equity slips further down ii most bought list

Falls to fourth place

Elliot Gulliver-Needham
clock 04 January 2024 • 2 min read
Trustpilot