PAC Capital ‘refused’ to give trading data to ratings firm
Aaron PatrickSenior correspondent
PAC Capital declined to provide a ratings agency with underlying data on the returns by one of its funds, a step that could damage investor confidence.
SQM Research on Thursday withdrew ratings from two of the investment house’s funds, including its heavily promoted esports computer gaming fund, and downgraded ratings on two more to 3.25 stars, steps that signify to financial advisers that they should not recommend the funds to clients.
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