Square Mile Investment Consulting and Research has removed its A rating from the TT European Opportunities Long/Short fund and the CRUX European Special Situations fund.
TT International Asset Management confirmed it will be closing the fund on 21 April, resulting in the rating removal, the research house said. It added protecting investor capital is paramount for absolute return funds and the TT team has been "impressive" in doing so, but the modest returns of the last couple of years meant the fund struggled to attract inflows from new investors. Ninety One UK Alpha loses Square Mile A rating following manager change CRUX also saw an A rating removed from its European Special Solutions fund due to a "challenging period for performance over the me...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
