FORSYTH-OBSR has pulled the A rating from the Gartmore US Opportunities fund following the exits of co-managers Gil Knight and Chris Baggini.
The fund ratings service says it wants to get to know the team at new fund manager, US-based Marsico Capital Management (MCM), before it decides whether to reinstate it. Knight and Baggini, of NWD Investments, co-managed the onshore and offshore US Opportunities funds at Gartmore but MCM will take over on 29 June following a period of underperformance. MCM, which will also take over the management of the Gartmore US Growth fund, does not currently advise on any mandates available in the UK. Gartmore also says, while MCM has an impressive investment track record in the US, it is unf...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
