About us
Canaccord AM's most significant mandate is in support of Marlborough. We have a long-standing relationship and run several of their funds, including some of their UK small-cap and multi-cap investment strategies. We help to offer more breadth in terms of markets, asset classes and investment styles for their clients, while Marlborough's in-house specialists handle all the administrative, sales and marketing functions for their funds.
This is a particularly niche and higher risk area of asset management and so outsourcing specialist UK small-cap and mid-cap stock selection and asset management can be an ideal and cost-effective solution.
By leaving our experts at Canaccord AM to focus on identifying investment opportunities and managing investment performance, allows Marlborough to concentrate on servicing their clients’ needs to achieve better client retention and share of wallet.
Canaccord AM manages several external investment management mandates including a wide range of Unit Trusts and OEIC’s for Marlborough, as well as the Hargreave Hale AIM VCT. These mandates are predominantly UK-driven, with a particular focus on the UK small-cap and mid-caps sector where the team has developed market-leading experience and expertise under the leadership of Richard Hallett.
Canaccord AM investment mandates
The investment mandates managed by Canaccord AM include:
- Marlborough Special Situations Fund
- Marlborough UK Micro-Cap Growth Fund
- Marlborough Nano-Cap Growth Fund
- Marlborough Multi-Cap Income Fund
- Marlborough Multi-Cap Growth Fund
- Marlborough European Special Situations Fund
- Marlborough Extra Income Fund
- Marlborough Global Innovation Fund
- Hargreave Hale AIM VCT plc
Canaccord AM is the trading name of Canaccord Genuity Asset Management Limited and is part of Canaccord Wealth in the UK, with roots dating back to 1897. The firm became part of Canaccord Wealth in September 2017.
Hargreave Hale AIM VCT plc
The Canaccord AM team have been managing the Hargreave Hale AIM VCT since 2004. The lead manager is Oliver Bedford, who is supported by Lucy Bloomfield (co-manager).
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.
Risk warnings
VCTs will invest in small, high-risk companies. These qualifying companies may have volatile share prices and the investments may be difficult to realise. They may be overly reliant on a few large customers and have less financial resilience. They may also have weak or negative cash flow and less management resource.
Investment in smaller companies, including AIM stocks, carry a higher degree of risk than investing in more liquid shares of larger companies, so they may be difficult to sell at the time you choose. Investments in smaller companies are more volatile and, while they can offer great potential, growth is not guaranteed.
Our people
Our award-winning team follows a well-established investment process and philosophy, and have extensive experience in outsourced asset management, particularly within small-cap investing and manages under contract £1.9bn of assets (as of 31 March 2025).
Legal and regulatory information
Please find all key legal documents below, for more information or to contact the Asset Management team, please email: fundmanagementlondon@canaccord.com.
Latest news
For the Canaccord Asset Managers’ latest views and market commentary about the Marlborough Funds they manage, please visit the Marlborough website.
Latest insights
See below the latest investment insights from Canaccord Wealth.
