Hargreaves Lansdown, the fund supermarket, has dumped its holding in litigation financer Burford Capital. Earlier this month a short-selling attack sent Burford’s shares tumbling 56%.
Hargreaves, which manages several in-house funds as well as selling other companies’, has dropped Burford from its Select UK Growth, Select UK Income and Select Global Growth funds, it said in a statement on its website on August 29.