Ignis' Smith out as Marlborough brings EM funds in-house

Marlborough Fund Managers has brought its two emerging market equity vehicles in-house as it capitalises on its recently-strengthened equities team.

Management of the group's pair of EM equity funds - the Marlborough Far East Growth fund and the Marlborough Emerging Markets trust - has now been brought in-house following the appointment of Sally Macdonald as Asian equities head last month. Macdonald will manage the Far East Growth fund and will also form part of the in-house investment team now responsible for the Marlborough Emerging Markets trust. The £11m Emerging Markets trust had been managed by Ignis Asset Management's head of global funds James Smith (pictured) since 2010. The £25m Far East Growth fund, meanwhile, had be...