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.

Chris Field

Chris Field joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where he was a Fund Manager for 20 years.

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

Ed Jeans

Ed Jeans 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

Hong Yi Chen

Hong Yi Chen 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. 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

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. Read more

John King

John King joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where he was Fund Manager for three years.

Matthew Smith

Matthew Smith joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where he was a Fund Manager for 16 years. 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

Tom Hosking

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.

Tom Morris

Tom Morris joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where he was an Equity Analyst and Fund Manager for 13 years.
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Tom Record

Tom Record joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management where he was a Fund Manager for eight years.

James O'Connor

James joined Liontrust in October 2019 as part of the acquisition of Neptune Investment Management. James completed his MSc in Education Research at Oxford University and holds the equivalent of a first class degree in Psychology and Economics from Harvard University. Read more

George Boyd-Bowman

George joined Liontrust in October 2019 as part of the acquisition of Neptune Investment Management, where he started his investment career. George has a first-class degree in Economics and Management from Oxford University. 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.

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.

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Global Fundamental LF Liontrust UK Equity Fund

The Fund is managed by four UK portfolio managers with individual investment styles from the Liontrust Global Fundamental team. The Fund aims to generate capital growth over the long term through an actively managed UK equities portfolio.

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Global Fundamental LF Liontrust UK Focus Fund

The Fund is managed by two UK portfolio managers with individual investment styles 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.

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Global Fundamental LF Liontrust UK Equity Income Fund

The Fund is a focused, high conviction UK equity income fund managed by Chris Field of the Liontrust Global Fundamental team. It seeks to generate income and capital growth over the long term.

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Global Fundamental LF Liontrust Global Equity Fund

The Fund invests in a portfolio of global equities and seeks to deliver a total return over the long term. The Fund is actively managed by a team of three portfolio managers from the Liontrust Global Fundamental team, each with different yet complementary investment styles.

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Global Fundamental LF Liontrust Global Focus Fund

The Fund invests in a concentrated portfolio of global equities and seeks to deliver a total return over the long term. The Fund is actively managed by a team of three portfolio managers from the Liontrust Global Fundamental team, each with different yet complementary investment styles.

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Global Fundamental LF Liontrust Tortoise Fund

Managed by Matthew Smith and Tom Morris of the Liontrust Global Fundamental team, the Fund is a long-short equities portfolio that invests globally. This Fund is designed to limit overall portfolio downside while aiming to deliver a positive absolute return after costs and charges over rolling three-year periods.

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Global Fundamental GF International Equity Fund

Managed by Tom Record 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.

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Global Fundamental GF Tortoise Fund

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Global Fundamental GF UK Equity Fund

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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.

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Global Fundamental Income Fund

The Fund seeks companies with strong free cash flow, balance sheets and earnings to maximise dividend growth potential. The portfolio is divided into three distinct silos: steady eddies, hidden fruits and economic recovery.

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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.

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