Cazenove's Marriage on going solo

FUND MANAGER FOCUS

Cazenove manager takes sole charge of group's Absolute UK Dynamic and Absolute Return funds after partner Neil Pegrum moves to Soros

Last week Cazenove saw the departure of star manager Neil Pegrum, who left for Soros Fund Management after five years with the group. Pegrum and his co-manager Paul Marriage ran more than £500m of assets together, and Marriage has now taken on sole responsibility for Cazenove’s Absolute UK Dynamic fund and Cayman-domiciled Cazenove UK Dynamic Absolute Return fund. Marriage has been lead manager on the firm’s £30m UK Smaller Companies fund since 2006. Under his tenure, the fund has consistently generated top-quartile returns. It is ranked seventh out of 46 vehicles in the IMA UK Smalle...