Liontrust UK Micro Cap

Victoria Stevens, Co-Manager Victoria Stevens joined Liontrust's Economic Advantage team in June 2015 as a partner and fund manager, focusing on research and analysis within the small-cap sector. Before this, she spent nearly five years at finnCap Ltd as deputy head of corporate broking. Prior to finnCap, Victoria was a senior reporter and diary editor at City AM. She studied Modern Languages at Oxford University.

Anthony Cross, Co-Manager Anthony Cross joined Liontrust in 1997 and launched the Liontrust UK Smaller Companies Fund in 1998. Before Liontrust, he began his career at Schroder Investment Management as a graduate trainee, later becoming an equity analyst and joining the Smaller Companies team in 1994. Anthony graduated from Exeter University in 1990 with a degree in Politics.

Julian Fosh, Co-Manager Julian Fosh joined Liontrust in 2008 from Saracen Fund Managers Ltd to co-manage the Liontrust UK Growth, Special Situations, and UK Smaller Companies Funds with Anthony Cross and to develop the Liontrust Economic Advantage process. From 2004 to 2008, Julian co-managed the Saracen Growth Fund. Prior to this, he headed the investment department at Scottish Friendly Assurance Society Limited, managing various funds, including UK equity OEICs and life and pension funds. Julian's career, which began in 1984, also includes roles at Britannia Investment Managers and Scottish Amicable. He graduated from Merton College, Oxford, in 1984 with an MA in Jurisprudence.

Natalie Bell, Co-Manager Natalie Bell joined the Economic Advantage team as a fund manager in August 2022, moving from the Responsible Capitalism team where she led engagement with investee companies. Prior to joining Liontrust in February 2021, she was at EY for over six years as part of their Corporate Governance team. Natalie was previously an Assistant Director at CBI, promoting the policy interests of a range of businesses across multiple sectors. Natalie graduated from University of Nottingham in 2009 with a degree in Politics.

Alex Game, Co-Manager Alex joined Liontrust in 2024 as a Fund Manager on the Economic Advantage team. He joined from Unicorn Asset Management, where he spent nearly 10 years and co-managed a range of funds, including two UK equity funds and an AIM portfolio service. Prior to this Alex spent two years at Stanhope Capital as an Associate Consultant. He is a CFA Charterholder and graduated in 2010 from Durham University with a degree in Physics.

Matthew Tonge, Co-Manager Matthew Tonge joined the Economic Advantage team in 2015 to help research and analyse companies across the small cap universe having worked closely with Anthony Cross for many years. Matt originally moved to the Liontrust trading desk in 2003 from Barclays Capital Asset Management. Responsible for execution across all the firm’s assets, in 2014 he was voted Mid-Tier trader of the year by The Trade magazine for his work in mid and small cap stocks, the inaugural year of the award. Matt graduated from the University of Birmingham in 2000, with First Class Batchelor degrees in Manufacturing Engineering (BENG) & Commerce (BCOM), winning the Gilbert Walker Prize in Engineering and Economics as top student in his year.