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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.



Bellows attacks S&P credibility over US downgrade

Standard and Poor’s committed a “basic math error of significant consequence” when it decided to downgrade the US last week, according to John Bellows, the US Treasury’s acting assistant secretary for economic policy. On Friday afternoon, the ratings agency cut the country’s long-term sovereign credit rating from AAA to AA+ over concerns that its fiscal […]

US equity market dives following downgrade

The US equity markets have fallen quickly from their opening price in reaction to Standard & Poor’s’ decision to downgrade the country’s credit rating from AAA to AA+. At 15.35, the Dow Jones was down by 2.57 per cent to stand at 11151.94. The S&P 500 has also fallen by almost 4 per cent, to […]

Building societies lead innovation march

Building societies have injected fresh innovation into the mortgage market at a time when products tend to be limited to the lower loan-to-value ranges and are offered mainly to those with an impeccable credit history. Last month, Newbury Building Society launched a family offset at 3.95 per cent up to 95 per cent LTV, which […]

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

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Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


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