Press Release – Marlborough announces long-term succession planning strategy for UK small cap funds (May 2020)

•  Giles Hargreave continues to play central role in running of all three funds
• Experienced duo Eustace Santa Barbara and Guy Feld will be co-managers of the three funds from 2021

Marlborough Fund Managers has announced the long-term succession planning strategy for the three UK Smaller Companies funds co-managed by Giles Hargreave.

The funds are Marlborough Special Situations, Marlborough UK Micro-Cap Growth and Marlborough Nano-Cap Growth.

While Hargreave will continue to play a central role in the running of the three funds, from 1st January 2021 he will no longer be a named co-manager.

His long-established co-managers Eustace Santa Barbara and Guy Feld will be the named co-managers of all three funds from that date.

Santa Barbara, who has co-managed Marlborough Special Situations with Hargreave for more than five years, will take on the additional role of co-manager of Marlborough UK Micro-Cap Growth and Marlborough Nano-Cap Growth.

Feld, who has co-managed Marlborough UK Micro-Cap Growth with Hargreave for more than eight years and co-managed Marlborough Nano-Cap Growth with him for over six years, will take on the additional role of co-manager of Marlborough Special Situations.

Hargreave will continue to lead weekly investment meetings and work closely with Santa Barbara and Feld.

The well-established investment process and philosophy used on all three funds will remain unchanged and the managers will continue to work with the support of a highly experienced investment team of more than a dozen people.

Wayne Green, Joint Managing Director of Marlborough Fund Managers, said: “The success of the funds over many years has been down to a team-based approach. Giles has assembled and mentored a first-class team of experienced fund managers who are all strong believers in the investment process and philosophy that have made these funds so popular with investors.

“Giles will continue to work closely with the fund managers and his experience and expertise will continue to make an important contribution to the success of the funds.”

Hargreave said: “Working with a large and talented team investing in some of the UK’s most exciting and innovative businesses is a great privilege and I look forward to continuing to do so. We have a very strong and collaborative team, united by one investment philosophy, and we are committed to our aim of seeing the funds continue to go from strength to strength.”

ENDS

Prior to 1st January 2021From 1st January 2021
Roles
Co-managers of Marlborough
Special Situations
Giles Hargreave
and Eustace Santa Barbara
Eustace Santa Barbara
and Guy Feld
Co-managers of Marlborough
UK Micro-Cap Growth
Giles Hargreave
and Guy Feld
Eustace Santa Barbara
and Guy Feld
Co-managers of Marlborough
Nano-Cap Growth
Giles Hargreave
and Guy Feld
Eustace Santa Barbara
and Guy Feld

Fund manager biographies

Eustace Santa Barbara
Eustace Santa Barbara has co-managed the Marlborough Special Situations Fund with Giles Hargreave since September 2014. A graduate of Harvard University, he joined the Marlborough UK equities investment team in December 2013. He has worked as both an analyst and fund manager and has over 15 years’ experience on the buy side.

Guy Feld
Guy Feld has co-managed the Marlborough UK Micro-Cap Growth Fund with Giles Hargreave since February 2012. He has co-managed Marlborough UK Nano-Cap Growth with Hargreave since launch in October 2013. A graduate of Oxford University, Guy has over 25 years’ City experience dedicated to the research and fund management of small and mid-cap equities. He joined the Marlborough UK equities investment team in 2003 and has a particular focus on the tech sector and other ‘new economy’ and growth companies.

The investment team

Santa Barbara and Feld will continue to work with the support of an investment team of more than a dozen people. The team have almost 200 years’ combined experience investing in UK small and mid-caps. In addition to Giles Hargreave, who was appointed manager of Marlborough Special Situations in 1998, members of the investment team include Siddarth Chand Lall, who has managed Marlborough Multi Cap Income since 2011, and Richard Hallett, who has managed Marlborough Multi-Cap Growth since 2005.

For further information, please contact:

Malcolm Jones 
Bulletin                                        
malcolm.jones@bulletin.co.uk
07984 700030

Nathan Glynn – Associate Director – Marketing
Marlborough Fund Managers
nathan.glynn@marlboroughfunds.com
07780 332901
www.marlboroughfunds.com

Notes for Editors:

Marlborough Fund Managers

Marlborough Fund Managers was established in 1986 and offers a range of 18 funds investing in: UK Equities, UK Fixed Interest, Global Fixed Interest, Mixed Assets, International Equities, Funds of Funds and Funds of Exchange Traded Funds. Marlborough Fund Managers is authorised and regulated by the Financial Conduct Authority.

Marlborough Fund Managers is part of the Marlborough Group, which also includes Marlborough Investment Management, Marlborough International Management, IFSL Fund Services and IFSL International.