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MARLBOROUGH UK MICRO CAP GROWTH - Manager

Bestinvest rating 3 stars


Average monthly relative returns

Bestinvest MRI

07/08 08/09 09/10 10/11 11/12   3 years 5 years Career 3 years 5 years Career
1.15% 0.54% 0.11% 1.59% 0.67%   0.79% 0.81% 1.16% 98.3% 99.2% 100.0%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Giles Hargreave


Manager. Hargreave was born in Preston, Lancashire in 1948 and is now chief executive of Hargreave Hale Ltd. He began his career in investments after leaving Cambridge University in 1969, joining James Capel as an analyst. He joined Management Agency and Music as a private fund manager in 1974, before forming his own investment management business, Hargreave Investment Management, in 1986. In 1988 he merged Hargreave Investment Management with Hargreave Hale & Co, a provincial stockbroking firm controlled by other members of his family.

Track record


Giles Hargreave has 13.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +1.16%.
During the worst period of relative performance (from March 2000 - May 2000) there was a decline of 19% relative to the index. The worst absolute loss has been 47%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Other funds managed

  Start Date
MARLBOROUGH SPECIAL SITUATIONS Jul 1998
MARLBOROUGH LEADING UK COMPANIES Jul 2002
HARGREAVE HALE AIM VCT 1 Oct 2004
MARLBOROUGH UK MICRO CAP GROWTH Oct 2004
HARGREAVE HALE AIM VCT 2
Periods of worst performance
Absolute -47% (May 2007 - November 2008)
Relative -19% (March 2000 - May 2000)

Sector record since July 1998 (14 yrs)


Relative Performance in UK SMALLER COMPANIES


Discrete Monthly Returns - 65% Up Months

About the MRI


Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level. Read more about our approach

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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