Hargreaves Lansdown has appointed Marlborough’s Eustace Santa Barbara and Guy Feld to manage two segregated mandates that invest in UK smaller companies for its multi-manager funds.
Under the terms of the agreement, the full investments of the HL Multi-Manager Balanced Managed Trust and HL Multi-Manager Special Situations Trust will be transferred from Marlborough’s UK Micro-Cap Growth and Nano-Cap Growth funds into the two new bespoke mandates.
These will be managed using similar strategies that Santa Barbara (pictured) and Feld adopted on the Micro-Cap and Nano-Cap Growth funds.
Marlborough chief executive Richard Goodall said: “This is an exciting new development in the evolution of our relationship with Hargreaves Lansdown and demonstrates their confidence in the skill and expertise of Eustace, Guy and the wider UK smaller companies team.
“Marlborough’s growth has always been based on a partnership approach with the companies we work with. We listen to their needs and work hard to develop solutions that will help them to achieve their strategic goals.”
Hargreaves Lansdown Fund Managers CIO Lee Gardhouse said: “The team at Marlborough have talented fund managers, who we rate highly, and their appointment sees a new chapter in our relationship, which already spans two decades.”
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