Square Mile removes Liontrust, CRUX and R&M AA ratings in latest round-up

Square Mile has removed the AA ratings of the Liontrust Strategic Bond fund, the TM CRUX European fund and the R&M UK Equity Income fund due to a combination of poor performance and departing managers in the firm's latest ratings round-up. Following news of the retirement of Liontrust's David Roberts (pictured), co-manager of the strategic bond fund, Square Mile analysts expect there to be a "significant hit" to the fund's small team given the "extensive skill-sets" required to manage it. They therefore decided to remove the AA rating. Similarly, founding member of River & Mercantile ...