Five Investec funds under S&P review

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Standard & Poor's has placed five of Investec's global funds under review in its latest report on th...

Standard & Poor's has placed five of Investec's global funds under review in its latest report on the Global Equities sector, following the departure of Nick Mottram and four other senior managers last month. The funds, which include the £74m Global Free Enterprise, all have new managers and S&P said it will make a decision on their ratings pending interviews with the people now in charge. Also under review as part of S&P's report is the quant-based Old Mutual Global Equity portfolio, following the departures of David Ross, head of the quantitative equities team at Omam, and four of his ...

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