Old Broad Street Research (OBSR) has taken full control of its ratings service, previously jointly operated with Forsyth Partners.
With immediate effect, the Forsyth-OBSR Ratings Service will be renamed OBSR Fund Ratings.
The Forsyth-OBSR joint venture ended earlier this month when Forsyth went into administration.
OBSR says it is “extremely excited” about the new service and has ambitious plans for the future.
“Particularly gratifying has been the widespread support we have received from all sides of the industry, including fund management houses, life offices and Independent Financial Advisers, to continue the Fund Ratings service and for our plans to develop the business," OBSR director Richard Romer-Lee says.
“OBSR Fund Ratings has an important role to play in the industry and is strongly supported by both users and fund managers.
“We aim to minimise any disruption and continue to provide the levels of service to which our clients are accustomed.”
Romer-Lee says OBSR intends to launch a new multi-manager rating service later in the year.
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