S&P puts BTIM funds on hold after portfolio manager change
Standard & Poor’s Fund Services (S&P) has placed three of BT Investment Management’s (BTIM's) diversified funds ‘on hold’ following a change in its portfolio manager.
The funds affected by this announcement were the BT Wholesale Active Balanced Fund, BT Wholesale Balanced Returns Fund and BT Wholesale Future Goals Fund.
BTIM recently consolidated its income and diversified funds capabilities under its income and macro strategies boutique structures respectively, which resulted in the creation of a new role to manage these funds.
Martin Wild has replaced Robert Swift and will assume his portfolio management responsibilities at the end of August.
He was previously the head of investment solutions at Russell Investments Australia, advising clients on investment structure, investment manager selection and asset allocation.
S&P will look to meet with Wild and the broader diversified team in the near future to resolve the ‘on-hold’ ratings.
Recommended for you
ASIC has released the results of the latest financial adviser exam, held in November 2025.
Winners have been announced for this year's ifa Excellence Awards, hosted by Money Management's sister brand ifa.
Adviser exits have reported their biggest loss since June this week, according to Padua Wealth Data, kicking off what is set to be a difficult December for the industry.
Financial advisers often find themselves taking on the dual role of adviser and business owner but a managing director has suggested this leads only to subpar outcomes.
