Ratings agency Forsyth-OBSR has downgraded or suspended 10 funds as part of its latest review, with ...
Ratings agency Forsyth-OBSR has downgraded or suspended 10 funds as part of its latest review, with Investec Sterling Bond, which has seen manager Anna Lees-Jones go on maternity leave, among them. The £125m fund's A rating was suspended after co-manager Harsha Patel took responsibility for the portfolio in Lees-Jones' absence. David Aird, managing director of Investec, protested against the rating suspension. "We went out of our way to put co-managers in place," said Aird, pointing out that Patel joined Lees-Jones on the fund over a year ago. He added that, while the fund is seeking to...
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