anthony bolton, andrew green, gordon grender, philip gibbs, jeremy lang, paul murray-john and tony nutt up for outstanding achievement
Seven leading fund managers have been short listed for Investment Week's outstanding achievement award with the winner being announced next month.
This is one of 14 awards being handed out at the Royal Albert Hall on 9 July.
The finalists in the outstanding achievement category are Andrew Green of St James Recovery and GAM UK Diversified, Anthony Bolton of Fidelity Special Situations, Tony Nutt, who manages Jupiter High Income, Jeremy Lang, manager of Liontrust First Income, Gordon Grender of GAM North America, Paul Murray-John of Threadneedle Emerging Market Bond and Philip Gibbs of Jupiter Financial Opportunities.
This year the judging panel decided the award should go to an individual who has been able to achieve not only outperformance of the peer group and benchmark but has been able to produce positive returns over each discrete year for the past three years.
To help achieve this Lipper ran off a quants screen of every unit trust or Oeic which had produced positive returns in each of the three years to 31 March 2002. The panel then used this list to come up with a shortlist, giving particular emphasis to managers whose markets have been especially tough in recent years.
There are 13 other awards to be handed out at the Royal Albert Hall next month including investment group of the year. These are picked using an initial quants screen and then the qualitative judgement of the panel.
As in previous years the panel consists of Gary Potter and Robert Burdett of Credit Suisse, John Chatfeild-Roberts of Jupiter and John Husselbee of Henderson Global Investors. They are joined by Investment Week deputy editor Kira Nickerson and editor Mark Colegate.
The initial quants screen follows exactly the same methodology as that employed in previous years, focusing on discrete 12-month returns over the past three years.
All figures, supplied by Lipper, are run to 31 March 2002 on a bid to bid basis with ex dividend income reinvested at ex-dividend date.
To be eligible for the initial screen a fund must have at least a three-year track record to 31 March this year. Each fund is then given a percentile ranking within its IMA sector for its performance in each of the three discrete years to 31 March 2002 and also has its information ratio ranked over the full 36-month period.
The panel then gave a 40% weighting to the most recent one year return, a 30% weighting to the previous 12 months, 20% to the 12 months prior to that and 10% to the overall information ratio. These were then totalled up to give each fund a single score.
The panel then created its own shortlist categories, drawn up by amalgamating underlying IMA sectors, and picked the funds with the highest quants scores as the short-list for each category.
In the case of the group of the year award the panel only considered those investment houses which had a mainstream UK, a fixed interest, a European, a US, and a Japan or Asia portfolio.
For more information on the awards please contact Mark Colegate on [email protected]
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