Marlborough has rebranded its UK Leading Companies fund as the UK Multi-Cap Growth fund.
Marlborough Fund Managers is to merge away Geoff Hitchin (pictured) and Nicholas Cooling's UK Income & Growth trust in January.
In an environment where bonds have sold off and equities look expensive, providing a return above inflation is tough, Edward Allen of Thurleigh Investment Managers tells Anna Fedorova.
Marlborough has soft-closed its Nano-Cap Growth fund after it attracted almost £90m during its launch period.
Chelsea Financial Services (CFS) has highlighted ten funds which have consistently underperformed peers over the last three years, suggesting investors in these funds should rethink their allocations.
The Investment Management Association (IMA) has removed a further two funds from its UK Equity Income sector for undershooting minimum yield requirements over the past three years.
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.
Investors have ploughed more than £34bn into underperforming funds which have severely lagged peers over the past three years, the latest RedZone report from Chelsea Financial Services reveals.