Hargreave's recipe for success in 'unpredictable' small-cap market

FUND MANAGER FOCUS

Laura Dew asks Giles Hargreave about the surprise drivers of the Marlborough UK Micro-Cap Growth fund over the past 12 months.

Small-cap specialist Giles Hargreave of Hargreave Hale has a long track record of picking winners in the UK smaller companies space. The £317m Marlborough UK Micro-Cap Growth fund he co-manages with Guy Feld has returned 37.6% over the year to 21 February versus a sector average of 33.9%, according to Morningstar. Over the long term, he has outperformed significantly, returning 341% over the past five years versus the sector average of 235.8% Here Hargreave reveals the surprise sector which has helped drive returns for the fund recently, how he selects ‘exciting’ businesses, and how i...