Bonham Carter downgraded

Standard & Poor’s (S&P) has downgraded Edward Bonham Carter’s Undervalued Assets fund at Jupiter from AAA to AA. It attributes the move to his extra duties since Jupiter’s buyout last year.
S&P analysts say Bonham Carter – who is both chief executive officer and chief investment officer at Jupiter – could have less time for hands-on fund management. Performance could suffer as a result.
The downgrade was part of S&P’s annual review (PDF) of the UK Growth sector. One fund that was upgraded from AA to AAA status was the Standard Life UK Equity Growth fund, managed by Karen Robertson. The upgrade was on the basis of strong performance over three and five years.