Fund managers who have been shortlisted for the Investment Week Fund Manager of the Year awards have...
Fund managers who have been shortlisted for the Investment Week Fund Manager of the Year awards have until the 15 June to complete their final questionnaires.
The judging panel, consisting of John Chatfield-Roberts of Lazards, Robert Burdett and Gary Potter of Rothschild, John Husselbee of Hendersons, Investment Week editor-in-chief Lawrence Gosling and editor Mark Colegate, are to make their final decisions within the next few weeks.
The ceremony, which will be held at the Royal Albert Hall, London, on Tuesday 4 July, comprises 14 awards for excellence in unit trust and Oeic management.
In addition to awards for the leading fund manager in each of the 12 sectors covering equities and bonds there are also awards for the Investment Group of the Year, rewarding strong performance across a range of funds, and an Outstanding Achievement Award.
The 12 sector-based awards are judged on both a qualitative and quants basis. The panel has already run the quants screen to draw up the short list, using figures provided by Lipper to 31 March 2000.
The 12 categories are each composites of existing Autif sectors as of 31 March. (see table). The bottom 50% of funds in each sector over the most recent 12-month period were stripped out as well as all unit trusts with assets below £15m and all exempt funds, although institutional portfolios were left.
Of those that remained, a 40% weighting was given to the percentile ranking of a fund in its Autif sector over the most recent 12-month period to 31 March 2000, a 30% weighting to the previous 12 months' percentile ranking and a 20% weighting to the 12 month percentile ranking up to 31 March 1998.
A 10% weighting was also given to the three-year information ratio on each fund, again as a percentile ranking. The aim of the quants screen, which was also used for last year's awards, is to reward past performance, take into account discrete returns and consistency and give a tilt in favour of more recent performance. The judges will draw a winner from each of the short-lists using qualitative criteria, taken from the responses to questionnaires received.
Anyone due a questionnaire who has not received one, or who wants a copy e-mailed to them, please contact Mark Colegate at [email protected]
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