Investment Week is pleased to recognise the winners of the 22nd Fund Manager of the Year Awards, in categories including Specialist Group of the Year and Outstanding Industry Contribution.
The winners received their awards at a special ceremony at the Royal Albert Hall in London on 6 July.
For the first time, a two-tier judging process was adopted, modelled on the way The Oscars are decided. Funds on the final shortlist were analysed and debated by sector specialists, who ranked 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 were 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.
Group winners on the night included Liontrust Asset Management, which took home the award for Specialist Group of the Year. The judges said this standout group is a "genuine turnaround story which has rebuilt its business originally around one fund, but has now been adding specialist talent and funds around a core of sectors with a very strong performance culture".
In terms of the Global Group award, the judges identified two asset managers who stood out this year in terms of how they have been developing their businesses for the benefit of unitholders and making a contribution to the wider industry.
The winner in this category was Jupiter Asset Management, where the judges highlighted that "an investment improvement is at the core of what this firm has achieved in recent years, reflected in the high number of its funds that made it onto the 2017 shortlists. It has good managers across asset classes and is developing a pool of rising talent. As a company, it is also one of the first to tackle major industry issues".
Meanwhile, a highly commended accolade was awarded to Fidelity International, which the judges said "has a very strong performance culture and leads the way on investor communication".
Individual awards were also presented on the night to Jim Stride of AXA Investment Managers and Andy Brough of Schroders, who were joint winners of the Outstanding Contribution to Fund Management award. Stride is retiring this summer after a career spanning 41 years, including 33 years running the £892m AXA Distribution fund. The judges also praised Brough, who joined Schroders in 1987 and is now co-head of its pan European small- and mid-cap team.
Meanwhile, M&G's Jim Leaviss received the accolade for Outstanding Industry Contribution for his work popularising bond markets for retail investors and their advisers.
For more on the winners see the 10 July issue of Investment Week magazine.
UK Smaller Companies
Overseas Smaller Companies
UK Equity Income
Global equity Income
Hermes Global Emerging Markets
(IA Flexible Investment) Growth
(IA Mixed Investment 40%-85% Shares) Balanced
(IA Mixed Investment 20%-60% Shares) Cautious
(IA Mixed Investment 0%-35% Shares) Defensive
£ Strategic Bond
£ Corporate Bond
Judges' Specialist Fixed Income Choice
Hermes Multi Strategy Credit
Individual and Group Awards
Specialist Group of the Year
Global Group of the Year
Outstanding Contribution to Fund Management
Outstanding Industry Contribution
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