Square Mile Investment Consulting and Research has lowered the ratings of three funds in its Academy of Funds during October on the news that the managers plan to retire or leave the team.
The rating of the Artemis European Opportunities fund has been lowered from AA to A after an announcement that co-manager Mark Page will retire with immediate effect, handing sole management to Laurent Millet, who has worked alongside Page since the strategy was launched. However, despite the downgrade, Square Mile said it believes "Mr Millet is a very capable investor and will continue to uphold the fund's investment philosophy and process". The second fund to see its rating cut from AAA to AA is the Man Man GLG Japan Core Alpha fund on the recent news that Steve Harker and Neil Edwa...
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