Square Mile removes Liontrust, CRUX and R&M AA ratings in latest round-up

Three ratings added

clock • 2 min read
Liontrust's David Roberts

Liontrust's David Roberts

Square Mile has removed the AA ratings of the Liontrust Strategic Bond fund, the TM CRUX European fund and the R&M UK Equity Income fund due to a combination of poor performance and departing managers in the firm’s latest ratings round-up.

Following news of the retirement of Liontrust's David Roberts, co-manager of the strategic bond fund, Square Mile analysts expect there to be a "significant hit" to the fund's small team given the "extensive skill-sets" required to manage it. They therefore decided to remove the AA rating. Similarly, founding member of River & Mercantile Dan Hanbury is also moving on to different pastures prompting Square Mile analysts to carry out a re-evaluation, also deciding to remove the AA rating. They said the long-standing fund manager's involvement was a "crucial" aspect of the fund's rating,...

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