Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Small-cap veterans Marriage and Warren launch new fund

Small-cap veterans Marriage and Warren launch new fund

Former Schroders pair Paul Marriage and John Warren, who set up their own firm last year, are launching a small cap fund.

The LF Tellworth UK Smaller Companies fund will launch in November and will invest in listed companies with a market cap of £50 million to £2 billion. 

The duo left Schroders last year to set up Tellworth Investments. As part of their exit, they took the management contracts of the Schroder UK Dynamic Absolute Return fund and the Schroder Absolute Return fund company with them. 

The new fund will sit alongside the £500 million absolute return strategy, which returned 14.7% over three years versus a sector average of 8.2%. 

Marriage (pictured) said: 'Having managed a similar fund since 2006 at both Cazenove and Schroders, John and I are delighted to be launching this fund and look forward to discovering more UK gems for our clients in the coming years.'

Prior to launching Tellworth, Marriage managed the Schroder UK Dynamic Smaller Companies fund. Warren joined him in 2010. 

Tellworth was set up under the umbrella of BennBridge, which recently launched in London to provide operational and infrastructure support to boutique fund management teams. Tellworth was the first asset manager backed by BennBridge, the UK subsidiary of Australian venture capital investor Bennelong Funds.

Following the launch of Tellworth, the pair also recruited Schroders’ equity trading specialist Stephen Nash.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

John Warren
John Warren
15/76 in Alternative UCITS - Long/Short Equity (Performance over 3 years) Average Total Return: 15.33%
Paul Marriage
Paul Marriage
14/76 in Alternative UCITS - Long/Short Equity (Performance over 3 years) Average Total Return: 15.33%
Your Business: Cover Star Club

Profile: Altor's Towry graduates on launching a family business

Profile: Altor's Towry graduates on launching a family business

Altor Wealth Management was launched on of a shared vision to form a family-style company that would charge fairly and differently.

Wealth Manager on Twitter