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About Hargreave Hale

The roots of Hargreave Hale date back to 1897, when a stockbroking firm was founded in Blackpool by Marsden W Hargreave, to serve the investment interests of his family members and close friends. In 1988, our current Head of Fund Management, Giles Hargreave, merged his own company (Hargreave Investment Management) with the family stockbroking business (Marsden W Hargreave Hale & Co) to create Hargreave Hale.

In February 2001, Hargreave Hale converted from a partnership to a limited company, and at the same time became an associate of Investec (the listed banking group) with the latter purchasing a 35% interest.

In September 2017, the firm became a member of the Canaccord Genuity Wealth Management (CGWM) group of companies and a wholly owned subsidiary of Canaccord Genuity Group Inc.

Hargreave Hale mandates includes:

  • Marlborough Multi-Cap Income Fund
  • Marlborough Multi-Cap Growth Fund
  • Marlborough Multi-Cap European Fund
  • Marlborough Special Situations Fund
  • Marlborough UK Micro-Cap Growth Fund
  • Marlborough UK Nano-Cap Fund
  • Marlborough Extra Income Fund
  • Hargreave Hale AIM VCT plc

The VCT Management Team

The lead manager of the VCT is Oliver Bedford. He is supported by Lucy Bloomfield (co-manager) who works closely with Oliver Bedford to deliver the investment strategy. Giles Hargreave continues to act as a co-manager to the VCT focusing primarily on supporting the delivery of the non-qualifying investment strategy through the direct investment of the Company’s capital into listed equities as permitted by the VCT rules. The VCT management team is also supported by the rest of Hargreave Hale’s fund management team of 16. The fund management team manages approximately £5.0 billion (30 Sep 2019), including approximately £3.2 billion invested in small companies. Along with the scale of the investment in small companies and their track record, the breadth of the team and their reach into the market help attract Qualifying Investment deal flow.

Oliver Bedford graduated from Durham University with a degree in Chemistry. He served in the British Army for 9 years before joining Hargreave Hale in 2004. Oliver is the Lead Manager of the VCT and supports other unit trusts as part of the fund management team.

Lucy joined the Hargeave Hale VCT team in August 2018. Prior to this she spent 8 years as an analyst and UK Small & Mid-cap fund manager at BlackRock before her most recent role as a European Small & Mid-cap fund manager with Ennismore Fund Management. Lucy graduated from Durham University in 2007 with a degree in Economics and is a CFA charterholder.

Giles Hargreave is the head of Hargreave Hale's fund management team and manager of the Marlborough Special Situations Fund. On 22 June 2020, the Company announced Giles Hargreave's intention to step back from his role as co-manager. Although he will no longer hold a formal portfolio management role, it is the Board's expectation he will continue to support the VCT's fund management team. He also co-manages the Marlborough UK Micro Cap Growth Fund and the Marlborough UK Nano-Cap Growth Fund.

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