Square Mile removes six ratings from Academy of Funds as manager departures continue

Added two new funds to list

Square Mile Investment Consulting and Research has removed or suspended the ratings on six funds in December as a result of “a high level of fund manager departures across the industry”.

Funds from Jupiter, Aberdeen Standard Investments, Invesco, Saracen Fund Managers and Stewart Investors have suffered this fate, as the firms have recently lost various investment managers or teams. A restructure in the European equities team at ASI, which has led to the departure of Will James, has resulted in the removal of the rating from the ASI Europe ex UK Income Equity fund which he managed. The fund will now be co-managed by Tom Dorner and Stuart Brown, but Square Mile believes James's experience was "critical" to the management of the fund. The analysts have also removed t...