JP Morgan Fleming was named group of the year at the annual Investment Week Investment Trust of the ...
JP Morgan Fleming was named group of the year at the annual Investment Week Investment Trust of the Year awards held last week.
The group, which had six of its trusts shortlisted in the various award categories, had impressed the judges with its ability to provide so many high quality investment vehicles over what has been a difficult investment period.
The judges, consisting of Bob Clarke of Rathbones, Robert Ottley formerly of HSBC, Derek Larcombe of Morgan Stanley Quilter, Peter Metcalfe a consultant for Premier and Investment Week editor Mark Colegate, awarded the specialist category for outstanding achievement as a portfolio manager to Anthony Bolton of Fidelity.
Commenting that it was 'Bolton's year,' the judges also selected Bolton as the winning manger for the UK and European categories for the performance of his UK Fidelity Special Values and Fidelity European Values trusts.
The other special award handed out this year went to Unicorn Asset Management in the category of outstanding achievement for structure or innovation.
The judges decided that the young asset management firm had held true to its small cap style of investing while expanding the company organically through accepting mandates to run VCTs, investment trusts as well as launching its own Oeics.
The founder of Unicorn Asset Management, Peter Webb, also won in the UK small cap and venture capital category for his Eaglet investment trust.
The structure of Jupiter Split fund and the experience of its fund manager Philip Gibbs, which lead to outperformance of its peers in a bear market, were the deciding factors in the trust winning the split cap category.
The quality of the British Assets portfolio and the consistent returns of its manager John Stubbs achieved it top status in the Global including US category.
The Japan category was given to Edwin Merner for his management of the Atlantis Japan Growth. Merner first made his name as a Japan manager while at Schroders and joined Atlantis in 1995. For the emerging markets including Asia category, Aberdeen Asian Smaller Companies, managed by Hugh Young, was selected.
All the awards were presented at a black tie dinner held at the Savoy Hotel in London last week.
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