Founder of Marlborough Fund Managers Geoff Hitchin is retiring after more than 50 years in the industry, and 34 years of running the £378m Global Bond fund.
Hitchin(pictured), who founded MFM in 1986 after spending 20 years as a tax officer and consultant, launched Marlborough Global Bond in 1987 and subsequently the £21.3m Marlborough Bond Income fund in 1998. Since Hitchin launched Marlborough Global Bond, it has returned 508.4% compared to its IA Global Mixed Bond sector average of 302.2%, according to data from FE fundinfo. Co-managers Danny Fox and Niall McDermott, who joined the helm of Marlborough Global Bond and Marlborough Bond Income in November 2018, will take over running the funds with immediate effect. Hitchin said: "I fe...
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