Forsyth Partners gives Russell an AAA rating

Tim Russell, manager of the offshore HSBC GIF UK Equity Fund, is the only fund manager to have been given an AAA rating in the latest review by Forsyth Partners Peter Toogood, director of research at Forsyth, said Russell of HSBC earned his AAA rating, upgraded from a previous AA rating, due to his application of business cycle philosophy combined with excellent stockpicking skills. The tracking error of the HSBC portfolio has been maintained around the 2.5% level with a cash weighting that has been in the region of 15% throughout most of the last three months, he added Russell believes t...