Cazenove's Russell loses both S&P AAA ratings

Cazenove's Tim Russell has lost both his AAA ratings from S&P, with his UK Equity and UK Income & Gr...

Cazenove’s Tim Russell has lost both his AAA ratings from S&P, with his UK Equity and UK Income & Growth continuing to disappoint in performance terms. Several other high-profile funds have also suffered downgrades in the latest UK review, including Martin Currie UK Growth, Lazards UK Alpha and UK Omega and Rathbone Special Situations. Carl Stick’s Rathbone Special Situations dropped from A to not rated due to exceptionally volatile performance and what the analyst perceived as a lack of risk controls. S&P Fund Services added: “Stick is a high-profile manager and has earned a reputati...