Following some changes to Manning & Napier’s research group, we have placed the GAM Star US All Cap Equity fund Under Review. The fund previously held a Morningstar Analyst Rating™ of Bronze. On 12 March 2015, the fund’s sub-advisor, Manning & Napier, announced the departures of two members of its 14-member senior research group – Jack Bauer and Brian Gambill. This has coincided with some team restructuring, including a reorganisation of its senior research group, which has been reduced from 14 members to only five. We will be meeting with members of the group in due course to discuss the changes.
See the latest Morningstar OBSR fund rating news here.
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