Standard & Poor’s Fund Services today placed six Hunter Hall funds on hold following the departure of Jack Lowenstein, deputy CIO and senior portfolio manager.
Mr Lowenstein had been with Hunter Hall for 14 years, and has over 25 years’ investment experience. He was considered a key team member. He managed approximately one fifth of Hunter Hall’s firm-wide assets under management, and made an important contribution to its portfolios.
“S&P will meet with Hunter Hall next week, and seek to understand how Mr Lowenstein’s investments will be managed, before reviewing the ‘On Hold’ ratings,” said Justine Gorman, analyst at S&P Fund Services.
The funds affected by this announcement are:
- Hunter Hall Australian Value Trust
- Hunter Hall Global Ethical Trust
- Hunter Hall Global Deep Green Trust
- Hunter Hall Global Ethical Trust Hedged
- Hunter Hall Asian Value Trust
- Hunter Hall Value Growth Trust
