Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a703437
Star spotlight: AA-rated Hargreave - even the best make mistakes
by Sarah Miloudi on Sep 18, 2013 at 14:02
Even the best investors can get caught out as Giles Hargreave has candidly admitted.
As part of our top-rated fund manager series to coincide with the launch of Citywire's new ratings, Hargreave told Citywire about some of his latest top calls, but also conceded he should have sold out of Kentz as feverish bid speculation pushed its shares to 600p.
Hargreave, who is currently AA-rated by Citywire and ranks among the most consistent fund managers across the active universe, said: 'I made a mistake there - I should have sold.'
Shares in the engineering support firm are now trading at just over 500p and moved steadily down after it rejected a £680 million offer from Amec, as well as a less attractive approach from Germany's M&W.
Hargreave (pictured) may be one of his own harshest critics, however, as according to Citywire data he has outperformed his typical rival across the UK All Companies, UK Smaller Companies and UK Equity Income sectors, looking across the four vehicles that he runs.
Moreover, Hargreave was also an early backer of stocks like SuperGroup, a clothing label that started life in 1985 and has since gone on to become a household name, and Bristol-based Hargreaves Lansdown, which in 2011 entered the FTSE 100 just four years after its first listing.
More recently, Hargreave said his UK Micro Cap Growth fund has been boosted by changes in regulation that have made alternative investment market (AIM) shares ISA eligible, and in his flagship Marlborough Special Situations fund he has been eyeing HR Owen, a high-end car dealership.
According to Citywire data, Hargreave has returned 62.8% over three years versus 45% by his typical UK All Companies peer, and 82.1% compared to the average UK Smaller Companies manager's 65%.
Looking at his UK Equity Income numbers, Hargreave has again done well. He only has a one-year track record within this sector following the launch of the £340 million Marlborough Multi Cap Income fund in June 2011, but has delivered 37.5% over the stretch and beaten the 26.9% delivered by his typical rival.
News sponsored by:
Today's top headlines
More about this:
Look up the funds
Look up the shares
Look up the fund managers
More from us
- New Citywire ratings revealed: we revamp our fund manager analysis
- Marlborough UK Micro Cap Growth
- Budget 2010: Treasury tees up AIM shares for ISAs
On the road
by Danielle Levy on Dec 12, 2013 at 09:03