History
The event was established in 1971, and it was initially called the Aldsworth Hurdle. The insurance company Sun Alliance (later Royal & SunAlliance) began sponsoring the race in 1974, and it became known as the Sun Alliance Novices' Hurdle. This association continued until 2006, and for the following three years the event was backed by Ballymore Properties.
There were high winds on the day of the planned running in 2008, so the Ballymore Properties Novices' Hurdle was rescheduled and run on Cheltenham's New Course. A new sponsor, Neptune Investment Management, began supporting the race in 2010.
The registered (non-sponsored) title of the race is now the Baring Bingham Novices' Hurdle. This is in honour of Baring Bingham, a developer who purchased Prestbury Park in 1898, and organised the first Cheltenham Festival in 1902.
Read more about this topic: Neptune Investment Management Novices' Hurdle
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