OBSR suspends rating for SocGen fund

OBSR has suspended the rating for Société Générale Asset Management’s £52.3m Technology fund.

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The decision to suspend the A-rating followed the announcement that Alan Torry had resigned as co-manager of the fund.

Richard Romer-Lee, research director at OBSR, said as the management of the fund would now reside solely with Hugh Grieves, he intended to meet the manager to discuss how the fund will be run in the future.

For more information on this departure, see page 12.

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