Marlborough Special Situations to move to IA UK All Companies sector following investment policy change

New mandate means fund can 'run its winners'

Lauren Mason
clock • 2 min read
Marlborough's Eustace Santa Barbara
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Marlborough's Eustace Santa Barbara

The £1.6bn Marlborough Special Situations fund is to move from the Investment Association’s UK Smaller Companies sector to the IA UK All Companies sector, following an FCA-approved investment policy change.

While the fund's primary focus will remain smaller companies, co-managers Eustace Santa Barbara and Guy Feld - who previously ran the vehicle alongside Giles Hargreave until he stepped back from managing money last year - will now be able to hold a higher proportion of mid- and large-cap companies. Under the fund's current investment policy, it must hold a minimum of 80% in UK smaller company equities, whereas Marlborough Special Situations will now look to hold at least 60% from August this year. Its definition of UK smaller companies will also be updated, to include those with a mar...

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