Marlborough Special Situations to move to IA UK All Companies sector following 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...