Meet the team
The award-winning Economic Advantage team is headed by Anthony Cross, who joined Liontrust from Schroders in 1997. Victoria Stevens and Matt Tonge joined the team in 2015. Victoria was previously Deputy Head of Corporate Broking at FinnCap, while Matt had spent nine years on the Liontrust dealing desk, latterly winning an industry award for his work in mid and small cap stocks. Alex Wedge joined the team in March 2020 from N+1 Singer, where he had spent over seven years, latterly as a senior member of the equity sales team. Natalie Bell joined the team in August 2022, having previously been a member of the Liontrust Responsible Capitalism team where she led engagement with investee companies. Alex Game joined the team in May 2024 from Unicorn Asset Management, where he had spent nearly 10 years and where he co-managed a range of funds including two UK equity funds and an AIM portfolio service. Bobby Powar joined from Artemis in 2024.

Anthony Cross
Anthony Cross joined Liontrust in 1997 and launched the Liontrust UK Smaller Companies Fund in 1998. He has also managed the Special Situations and UK Micro Cap funds since launch.

Matt Tonge
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.

Victoria Stevens
Victoria Stevens joined the Economic Advantage team in June 2015 to help research and analyse investment opportunities primarily across the small cap universe. She previously worked for almost five years at finnCap Ltd, the growth company specialist broking and advisory firm, latterly as deputy head of corporate broking.

Alex Wedge
Alex Wedge joined the Economic Advantage team in March 2020 and became a co-manager at the start of 2021. Alex moved from Singer Capital Markets, one of the largest dedicated small cap brokers in London, where he had spent over seven years, latterly as a senior member of the equity sales team.

Natalie Bell
Natalie 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 its Corporate Governance team.

Alex Game
Alex joined the Economic Advantage team as a fund manager in 2024. He previously spent nearly 10 years at Unicorn Asset Management, co-managing 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.

Bobby Powar
Bobby Powar joined the Economic Advantage team as a fund manager in 2024, and in January 2025 became co-manager of the Liontrust Global Smaller Companies Fund. Bobby moved from Artemis Investment Management, where he was a Global Equity Analyst.



Cohort
Andrew Thomis, CEO of Cohort, joins Victoria Stevens for the latest episode of Stock Exchanges to explain how Cohort has scaled from an AIM-listed company to a group of seven specialist defence businesses and talk leadership and strategy. He also discusses the impact of the UK and its allies increasing defence spending in response to the War in Ukraine and Trump’s second terms as President and innovation in warfare, including AI and other technology.