Macquarie fund placed on negative ratings watch
SQM Research has placed the Macquarie International Infrastructure Securities fund on a negative ratings watch due to the departure of portfolio manager Andrew Maple-Brown.
The current four star rating awarded to the fund in June 2012 will remain on hold until a full review is undertaken at the beginning of the next year as part of SQM's annual global infrastructure securities review, the research house stated.
Maple-Brown had been portfolio manager since replacing Justin Lannen in April, who left the fund for "personal reasons".
According to SQM, the current rating may not necessarily change as a result of the change in management.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.