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Chelsea unveils plans for fund rating agency with Albemarle

Chelsea Financial Services joins forces with Albemarle Street partners to plan launch of FundCalibre early next year.

Chelsea Financial Services has paired up with Albemarle Street Partners to launch independent fund rating agency and research centre FundCalibre.

The ratings website is set for launch in the new year subject to FCA approval and will be available to all investors and intermediaries seeking guidance on fund options.

FundCalibre will label certain funds with an Elite Fund rating by using a combination of Albemarle’s screening tool AlphaQuest and qualitative analysis.

AlphaQuest aims to apply predictive analysis to fund ratings by stripping out the impact of market movements on fund performance, to identify the returns relative to the skill of a manager.

Chelsea Financial Services managing director Darius McDermott says: “We know from our own experience that investors need help to narrow down fund choices and are seeking guidance to help make their investment decisions.

“Increasingly, investors of all types are looking for reassurance that fund research is independent and not biased in any way. FundCalibre will be an invaluable web-based tool for these people.”

Albemarle Street Partners partner Sam Liddle say: “Our simple aim is to identify managers with unusually high levels of skill and a strong probability of replicating this skill over the next 12 months.”

Twenty fund groups have signed up for FundCalibre, including Artemis, Jupiter, Aberdeen and Schroders.

Thomas and Thomas Financial Services managing director Darren Lloyd Thomas says: “I think this will probably be more popular to direct investors as most advisers are already using a fund rating service. However, you do wonder whether all direct investors have the required amount of understanding to make investment decisions.”

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