AMP Capital manager departs, ratings unchanged
Ratings on two of AMP Capital’s global infrastructure securities funds will remain unaffected after the announcement that portfolio manager Manoj Patel and analyst Ryan Foelske have resigned from AMP Capital Brookfield.
Researcher Standard & Poor’s Fund Services (S&P) stated it was disappointed with Patel and Foelske’s departures, but added it was comforted by several recent appointments to AMP Capital’s team, including Sarah Shaw and Tim Humphreys.
“Shaw has over 10 years of experience covering emerging markets and Humphreys has experience covering North American infrastructure,” S&P stated in its announcement.
“We deem the team of six to be adequate, at least while AMP searches for replacement analysts.”
The researcher said it would continue to monitor developments, including short-term stock coverage, and would also be reviewing the manager in June as part of its infrastructure sector review.
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