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OBSR pulls T Bailey Growth fund rating

The £172.8m T Bailey Growth fund has been removed from the Old Broad Street Research fund ratings service while its management team undergoes changes.

Jason Britton, the chief investment officer of T Bailey, stepped down from his post and his role as the fund’s manager in March to take an industry break.

Richard Martin, who ran the portfolio from December 1999 to January 2009, rejoined T Bailey and temporarily assumed responsibility for the Growth fund’s management alongside existing manager Elliot Farley.

OBSR says it has a “high regard” for Martin but considers it “prudent at this time” to withdraw the fund’s suspended A rating and monitor the situation as the company seeks to appoint another manager.

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