Having recently suspended our ratings in February 2020, we have now decided to remove the Oyster Continental European Selection and Oyster European Selection funds from our Academy. Whilst we have a high regard for the lead manager, Mike Clements, as well as his investment approach and process, there have been a number of recent developments, which we believe are notable. These include falls in the two funds' assets under management, some departures within the team and changes at the firm ownership level, with the recent announcement of iM Global Partner's intention to acquire Syz Group's Luxembourg based asset management business, which is awaiting regulatory approval. We have therefore taken a difficult decision to remove these funds, which Mr Clements is in charge of. We wish him and his team all the best in their future endeavours.