OBSR suspends Guy and Rambourg A rating

OBSR has deferred its ‘A' rating on the Gartmore European Absolute Return and its Sicav equivalent following the suspension of manager Guillaume Rambourg.

The fund rating agency says while it has high regard for Roger Guy, who will continue to run the fund in Rambourg's absence, it feels it is "appropriate to exercise caution prior to completion of the investigation". OBSR adds the rating suspension is in no way a reflection of its conviction in Guy's ability to manage the fund and deliver to its objective. It says: "OBSR has spoken to Dominic Rossi, chief investment officer, who has confirmed an internal investigation is being conducted into all the portfolio activities of Guillaume Rambourg in order to assess whether best execution w...