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Bestinvest cuts ratings on Rathbone’s Carl Stick

Bestinvest has removed its ratings on Rathbone fund manager Carl Stick’s two funds, citing a poor three-year track record.

Stick manages Rathbones’ flagship £573m income fund as well as the £62m special situations fund.

Bestinvest initially gave Stick a two-star rating for his income fund in June 2004, but the group say his three-year track record has “deteriorated noticably”, while growth in assets under management and then large withdrawals seem to have restricted the ability to perform in all market conditions.

His special situations fund has also had its rating removed for similar reasons, with Bestinvest pointing to higher conviction alternatives available in the market.

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