Fidelity Multi-Asset Income loses Square Mile rating on Philalithis retirement

Talib Sheikh to ‘evolve’ fund style

Fidelity Multi-Asset Income has lost its A rating from Square Mile Investment Consulting and Research, following the retirement of multi-asset chief Eugene Philalithis.

The fund initially had its rating suspended but this has since been entirely removed after analysts met with the vehicle's new manager, Talib Sheikh, who they argued is likely to "evolve" the investment approach of the fund. This is due to the "fluid macroeconomic environment" Sheikh believes will mark the coming years, which has sparked a "more flexible and dynamic" style of management. Manager Jeremy Podger and multi-asset head Eugene Philalithis to retire from Fidelity As such, Square Mile analysts argued they would "prefer to see how the combination of the changes to the team a...