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Home / News / Square Mile kicks pair of ASI UK equity funds to the curb in ratings overhaul
Square Mile kicks pair of ASI UK equity funds to the curb in ratings overhaul
Tom Moore’s £800m UK Income Unconstrained fund culled in research house’s latest ratings decision
Square Mile has ejected a pair of Aberdeen Standard Investments UK equity funds, with £1.2bn between them, from its Academy of Funds after losing faith in their ability to turn performance around.
Tom Moore’s (pictured) £800m ASI UK Income Unconstrained Equity fund and the £370.9m UK Unconstrained Equity fund, run by Wesley McCoy and Lesley Duncan, were stripped of their A ratings in Square Mile’s January ratings round-up.
Square Mile removes six ratings from Academy of Funds as manager departures continue
Added two new funds to list
Among the funds to lose its rating include ASI Europe ex UK Income Equity, formerly run by Will James
Anna Fedorova
Square Mile Investment Consulting and Research has removed or suspended the ratings on six funds in December as a result of “a high level of fund manager departures across the industry”.
Funds from Jupiter, Aberdeen Standard Investments, Invesco, Saracen Fund Managers and Stewart Investors have suffered this fate, as the firms have recently lost various investment managers or teams.
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