OBSR monitoring new MM big-guns after ratings pull

OBSR says it has met with the new teams at each firm and will watch as they “establish themselves and demonstrate their credentials” before deciding whether to reinstate the ratings. Ratings on the funds - four from F&C, three from Fidelity and five from Gartmore and all at least A rated with six AA rated – were suspended in April except for the Fidelity funds, which were suspended in July last year. It followed “significant” personnel changes to each firm’s multi-manager teams, with both Richard Philbin’s departure from Fidelity and Bambos Hambi’s exit from Gartmore particularly influenc...