Marlborough renames Hallett’s UK Leading Companies fund

Marlborough Fund Managers has renamed Richard Hallett’s Marlborough UK Leading Companies fund as the Marlborough UK Multi Cap Growth fund.

The firm said it was renaming the fund to reflect the multi cap approach that the fund takes and that there would be no changes to the objectives on the fund.

Nicholas Cooling, deputy chairman of Marlborough, said the change “highlights the fact that this fund is from the same stable as the Marlborough Multi Cap Income Fund, which has attracted strong support among investors in the equity income arena”.

Article continues after advert

Since Mr Hallett took over management of the fund on August 1 2005, the fund is in the top decile for performance in the IMA UK All Companies sector.

In that time, the fund has delivered a 155.6 per cent return compared to the sector average of 83 per cent, according to data from Morningstar to December 27 2013.