Marlborough reveals succession plan for Giles Hargreave's funds

Will no longer be named manager from January 2021

Marlborough Fund Managers has announced its long-term succession plan for the three UK smaller companies funds co-run by veteran manager Giles Hargreave.

From 1 January 2021, Hargreave, who launched the Marlborough Special Situations fund in 1998, Marlborough UK Micro Cap Growth in 2004 and Marlborough UK Nano Cap Growth fund in 2013, will no longer be a named manager on the funds but will "continue to play a central role" in the running of the mandates, according to Marlborough. Eustace Santa Barbara, who has co-managed the £1.1bn Marlborough Special Situations fund alongside Hargreave since 2013 - and Guy Feld, who has co-managed the £990m Micro Cap and £168.5m Nano Cap funds since 2012 and 2013 respectively, will become co-managers of ...