The Investment Week Fund Manager of the Year Awards, now in its 22nd year, is adopting a two-tier judging process for the first time, modelled on the way The Oscars are decided.
Funds on the final shortlist (see below) will be analysed and debated by sector specialists, who will rank them with a commentary on key areas which impressed them about the portfolio managers' skills over the three years to 31 March 2017.
Their recommendations are then presented to the longer-serving panel of judges, many of whom have been part of the process for over 20 years, for a final round of adjudication.
How the finalists were selected
Finalist lists for the main award categories were created based largely on initial quantitative screens.
However, additional qualitative judgements were made in the creation of the final list. For example, the bond categories are largely comprised of funds in the IA peer groups, with the judges selecting some of the best offshore competitors in those categories that are not included in the IA sectors.
Initially, a weighted score was given to every fund's percentile ranking within its sector over each of the three discrete years to 31 March 2017.
There is a 20% weighting to the percentile ranking during the 12 months to 31 March 2015, 30% to 31 March 2016, and 40% to 31 March 2017.
In addition, a 10% weighting was given to the fund's Sortino ratio to provide an indication of relative risk.
Funds were then removed if assets were under £20m as of 31 March 2017; the manager had a record of less than three years on that portfolio; if the fund is aimed only at institutional or charities investors; or was not in the top half of its peer group over the 12 months to 31 March 2017.
The funds covered are UK authorised and FCA-recognised with distributor status. Statistics were provided by FE, Morningstar and Lipper.
Finalists are then invited to respond to an online questionnaire, which asks for further details about contributing factors to performance.
The winners will be announced on Thursday 6 July at a special ceremony at the Royal Albert Hall.
For table enquiries, contact Natasha Buckle on 020 7316 9491 or email [email protected]
The finalists in full
Global Group of the Year
Henderson Global Investors
Jupiter Asset Management
Old Mutual Global Investors
Royal London Asset Management
Specialist Group of the Year
Liontrust Asset Management
Marlborough Fund Managers
Morant Wright Management
Premier Asset Management
Troy Asset Management
BB Global Macro
BlackRock UK Absolute Alpha
FP Octopus Global Strategies
Henderson Gartmore UK Absolute Return
Jupiter Absolute Return
Newton Global Dynamic Bond
Smith & Williamson Defensive Growth
SVS Church House Tenax Absolute Return Strategies
Fidelity Asian Special Situations
Hermes Asia ex Japan Equity
Invesco Perpetual Asian
Marlborough Far East Growth
Prusik Asian Equity Income
Schroder ISF Emerging Asia
TT Asia Pacific Equity
GS Europe Core Equity
JPM Europe Strategic Growth
Liontrust European Growth
Marlborough European Multi-Cap
Waverton European Income
Wellington Strategic European Equity
CF Morant Wright Nippon Yield
CF Morant Wright Japan
Henderson Japan Opportunities
Lindsell Train Japanese Equity
Pictet-Japanese Equity Opportunities
CF Miton US Opportunities
Edgewood L Select US Select Growth
Fidelity American Special Situations & Fidelity America
Old Mutual North American Equity
Schroder US Mid Cap
Vanguard US Opportunities
UK Smaller Companies
Liontrust UK Smaller Companies
TB Amati UK Smaller Companies
Marlborough Special Situations
Invesco Perpetual UK Smaller Companies Equity
Old Mutual UK Smaller Companies
Jupiter UK Smaller Companies
Overseas Smaller Companies
Baillie Gifford Japan Smaller Companies
BSF European Opportunities Extension
F&C Global Smaller Cap Equity
HSBC GIF Asia ex Japan Equity Smaller Companies
JPM Emerging Markets Small Cap
Schroder US Smaller Companies
UK Equity Income
BlackRock UK Income
Franklin UK Equity Income
Jupiter Income Trust
Threadneedle UK Equity Income
Troy Trojan Income
Global Equity Income
Artemis Global Income
BlackRock Global Income
Newton Global Income & BNY Mellon Global Equity Income
Jupiter Global Equity Income
Sarasin Global Higher Dividend
Veritas Global Equity Income
Baillie Gifford Long Term Global Growth
Fidelity Global Special Situations
Henderson Gartmore Global Growth & Henderson
Old Mutual Global Equity
T. Rowe Price Global Focused Growth Equity
L&G Growth Trust
Liontrust UK Growth
Liontrust Special Situations
Old Mutual Equity & Old Mutual UK Mid Cap
Old Mutual UK Dynamic Equity
GS Emerging Markets Core Equity
Hermes Global Emerging Markets
Lazard Developing Markets
Jupiter Global Emerging Markets
T. Rowe Price Emerging Markets Equity
UBS Global Emerging Markets Opportunity & UBS Global EM Equity
Shortlist continues on next page
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