Giles Hargreave

Marlborough's top performing small-cap manager Giles Hargreave has reduced his cash weighting from 10% to 5% to snap up shares trading at distressed valuations.

Marlborough's top-performing small-cap manager Giles Hargreave has increased his holding in retailer Sports Direct in the £513m Special Situations fund, ahead of the start of Euro 2012.

Marlborough's Giles Hargreave has been building up his cash positions as he expects one more major market sell-off, which will send the FTSE 100 down 10% to 4,700.

The Marlborough Multi Cap Income fund, headed up by Hargreave Hale founder Giles Hargreave, has raised £90m of assets just two weeks since launch.

Marlborough Fund Managers is expanding its range of income funds with the launch of a multi-cap income portfolio for star manager Giles Hargreave, and Siddarth Chand Lall.