Hargreaves Lansdown founder diversifies

Hargreaves Lansdown founder diversifies

In the educational section of Hargreaves Lansdown’s (HL.) website, there is an article that encourages readers to spread their investments through a diversified portfolio. The fund supermarket’s founder appears to have taken note. Last week – ostensibly to “diversity his assets” – Peter Hargreaves sold 34.4m shares in an expanded placing with institutional investors, netting £550m in the process.

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