Funds rating agency Zenith Investment Partners has lowered its ratings on two Blue Sky managed funds citing governance and management issues.
The Blue Sky Alternatives Access Fund Limited has been reduced to a "redeem" status - the lowest of Zenith's ratings - from an "approved" rating, while the Blue Sky Water Fund was also reduced to 'redeem' from previous rating of 'recommended'.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
