Fifty fund managers out of a potential 198 names have made the FE Alpha Manager Hall of Fame for 2018 having been consistently rated an 'Alpha Manager' over the past seven years, Investment Week can reveal.
Of this, 21 managers have retained their place since the initiative was launched by the investment ratings and research agency in 2015, while 13 managers have made the list for the first time.
High-profile names such as Aberdeen Standard Investments' Harry Nimmo, Jupiter's John Chatfeild-Roberts and CRUX AM's Richard Pease have earned the accolade for a fourth year running, as did some managers who have had a difficult time of late.
Neil Woodford saw his flagship £6.6bn Woodford Equity Income fund removed from the Investment Association's UK Equity Income sector last month for failing to meet yield requirements, while the fund has fallen in size from £9.2bn just six months ago.
However, the manager still boasts an impressive long-term track record, securing his place in the Hall of Fame for the past four years.
Meanwhile, new entrants for 2018 include Invesco Perpetual's Mark Barnett and Jupiter's Ariel Bezalel, who run vehicles including the £9.2bn Invesco Perpetual High Income and £3.8bn Jupiter Strategic Bond funds respectively.
In addition, Neptune's UK Mid Cap manager Mark Martin, Stewart Investors' David Gait and Liontrust's Anthony Cross have also joined the Hall of Fame for the first time.
In terms of groups, Fidelity leads the way with six of its managers in the Hall of Fame, including Alex Wright and Ian Spreadbury, while Jupiter comes in second with five managers and Ruffer with four.
Charles Younes, research manager at FE, said: "Seven years of delivering risk-adjusted alpha and consistent outperformance is a big ask, especially during prolonged periods of uncertainty and market volatility.
"It is therefore very encouraging to see so many managers retaining their spot or joining this elite group for the first time. Investors can be confident the performance of managers in the FE Hall of Fame is down to genuine skill and conviction, rather than luck."
FE Alpha Manager ratings are judged according to managers' track records since 2000, with an extra weighting given for those with the longest track records to highlight the benefits of experience.
The rating is based on three components: risk-adjusted alpha; consistency of outperformance versus their benchmark; and outperformance in both rising and falling markets.
The FE Alpha Manager rebalance in February saw 198 Alpha Manager ratings awarded. Its Hall of Fame will be displayed at the FE Alpha Manager Awards ceremony, to be held at the Museum of London on 17 May.
See next page for the Hall of Fame lists
Effective from 1 August
10 new members
Strategic partnership between firms
12 months' notice