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James Ring resigns as manager

Monday 17th of April 2006
Well-known New Zealand fund manager James Ring has resigned as the lead portfolio manager of four of Challenger's small- and micro-cap equity funds.

Consequently Standard & Poor's has downgraded four Challenger equity funds.

"We view James Ring's departure as significant," S&P fund analyst Ken Ostergaard says. "In our November sector review of Australian small-cap and micro-cap manager...

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