Hargreaves Lansdown, the retail fund supermarket, is to push further into building and managing its own funds following the successful launch of a new multi-manager offering in January.

Hargreaves is one of the largest direct-to-consumer fund supermarkets in the UK, but it is also building up a multi-manager asset management business of its own; constructing and selling portfolios of other managers' funds and taking a cut of the management fees.