Allenbridge downgrades

Allenbridge, the performance analyst, has downgraded its report and recommendation on Weavering Capital (last report April 2001).

It is downgraded from B+ to D, and from 'Buy' to 'Currently not recommended'.

The fund had two major drawdowns, March 2001: '15.06% and May 2001: '16.53%, and one sharp loss, June 2001: '47.03%.

Allenbridge said: 'Stop-loss limits with slippage led to the big drawdowns in March and May.

In June, the fund suffered a huge loss due to a misunderstanding in the communicat

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