Top performing small-cap manager Giles Hargreave has stepped down from his co-manager role on the £90m Marlborough UK Leading Companies, handing the mandate to Richard Hallett.
Hallett (pictured), who has co-managed the fund since August 2005, will take over sole responsibility for the portfolio. A spokesperson for Marlborough said the reshuffle has been made in light of strong performance from Hallett, who has been managing the fund on a day-to-day basis for some time. The fund is a top quartile performer in the IMA UK All Companies sector over five years, returning 82.6%, ahead of the sector average return of 51.4%, according to Morningstar. "Formalising Hallett's role as manager rather than co-manager is a logical move and a recognition of his outstand...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
