The investment team running the Marlborough Extra Income Fund has been strengthened with the appointment of Andrew Moffat (pictured), as a Co-Manager.
Moffat’s appointment follows the GBP58m fund’s move at the start of May from the IA UK Equity & Bond Income sector to the Mixed Investment 40-85 per cent Shares sector. He will work alongside Matthew Rainbird and Nigel Beidas, who have co-managed the fund for more than eight years.
Moffat has almost 30 years’ investment experience and previously managed the Royal London UK Growth Trust* from 2011 to 2016 and, prior to that, the CIS UK Income with Growth Trust. He has also held roles at Equitable Life Asset Management and Confederation Life.
Wayne Green, Joint Managing Director of Marlborough Fund Managers, says: “With his impressive fund management pedigree and a particular strength in macroeconomics, Andrew will add further experience and expertise to the fund’s first-class investment team. His appointment comes at an exciting stage in the fund’s evolution. The sector move broadens the range of assets in which it can invest, while also bringing the fund into a higher-profile sector, where it will be on the radar of more investors.”
Moffat says: “Marlborough has an enviable reputation for the quality of the teams managing its funds and I’m very much looking forward to working alongside Matthew and Nigel, both of whom I hold in very high regard.”
Moffat joined Hargreave Hale, which acts as the Investment Adviser for Marlborough Extra Income, last year.