Skip to the content

Hargreaves Lansdown appoints new head of the £7bn multi-manager funds range

29 November 2022

Ziad Abou Gergi will oversee the management of 11 funds in the platform’s range.

By Matteo Anelli,

Reporter, Trustnet

Ziad Abou Gergi has been appointed the new head of Hargreaves Lansdown’s multi-manager team, the company has announced today.

In his new role, he will be responsible for overseeing £7bn in assets, distributed among the 11 multi-manager funds in the platform’s multi-manager range.

Gergi had accumulated 20 years’ worth of experience in multi-manager funds, more recently as head of Barclays high net-worth multi-asset team, prior to joining Hargreaves Lansdown in December 2021.

Now, he will take up the management of a diverse and expanding set of funds, as the company seeks to “improve the range of investment options we provide to clients at all stages of their investment journey”.

The latest addition to the stable was HL US, launched on 1 November.

“We have made great strides in the last year towards our next phase of growth, celebrating the recent launch of the US fund and converting the Income & Growth to our first building block. I look forward to continue strengthening our proposition,” said Gergi.

The funds in the set have generated below-average returns over 10 and five years, while performance over one year has been mixed, with around half beating their respective peer groups.

Total return of fund vs sector over 3yrs


Source: FE Analytics

HL Multi Manager Equity & Bond is the only fund in the second quartile of its peer group (IA Mixed Investment 20-60% Shares) over three years meanwhile, although it remains under the sector average, as the above chart shows.


Editor's Picks


Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.