Square Mile: Artemis US Absolute Return rating removed amid mounting losses

R&M funds retain ratings

Lauren Mason
clock • 2 min read
The firm upgraded its rating of Wellington Global Impact Bond
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The firm upgraded its rating of Wellington Global Impact Bond

Square Mile Investment Consulting and Research has taken the “difficult decision” to remove its ‘A’ rating from William Warren’s Artemis US Absolute Return fund in its January ratings round-up.

The firm explained that it remained confident Warren would maintain the fund's strong track record following the departure of Stephen Moore in 2019, given "a significant proportion of the fund's performance prior to October 2019 could be attributed to Warren". But, while the fund managed to preserve capital during the throes of the Covid downturn in Q1 2020, losses "have very slowly mounted" and the size of the fund has "contracted markedly".  According to data from FE fundinfo, the £44.2m fund has lost 2.7% in total return terms since October 2019, compared to its Libor GDP 3 Month b...

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