Summer 2020: the funds gaining and losing their Elite Ratings
Following FundCalibre’s summer investment committee, a total of eleven funds gained an Elite Rating...
Aberdeen Standard Investments (ASI) has announced that Harry Nimmo will become co-manager of the ASI Global Smaller Companies fund, working alongside recently appointed co-manager, Kirsty Desson.
The change follows the departure of Alan Rowsell, who has been lead manager on the fund since its launch in 2012.
Darius McDermott, managing director of FundCalibre, commented: “It’s a shame that Alan is leaving, but the fund could not be left in better hands. Harry was the co-manager at launch and has considerable experience and success running smaller companies funds.
“Co-manager Kirsty Desson was appointed relatively recently, but has been involved in the fund for some time.
“Unfortunately, the AlphaQuest score for the fund was based on Alan’s tenure and so, with his departure, it must lose its Elite Rating. However, as the fund will continue to be run using the same process and because we have confidence in Harry and Kirsty’s fund management skills, we will move the fund to an Elite Radar until a new three-year track record has been achieved.”
Listen to Kirsty speaking on this podcast earlier this year