Jupiter has been named the UK's top asset manager in the latest tranche of the European Alpha League...
Jupiter has been named the UK's top asset manager in the latest tranche of the European Alpha League Table produced by EuroPerformance and Edhec.
The Alpha League Table measures both the magnitude and the frequency of alpha generation by a country's asset managers, taking into account risk-adjusted performance, performance persistence and the risk of extreme loss.
Climbing from second place last year, Jupiter took the top spot with average alpha of 4.23% and frequency of 73.75%.
This compares with the 2.9% average alpha produced by UK asset managers, approximately 30 basis points up since last year, while the average frequency of alpha was 52.2%, an improvement from last year's 46.3%.
In its first appearance in the Alpha League Table, Artemis Fund Managers ranked second, with an average alpha of 4.51% and frequency of 66.11%. Taking third place, as it did last year, M&G's average alpha was 4.38% and the frequency was 66.54% - both improvements on last year's figures.
Five asset management firms made their first appearance in the top 10: Artemis, Coutts, Allianz RCM, BNY Mellon/Newton and Threadneedle.
The table also found UK asset managers outperformed their European counterparts in terms of alpha, with 52.2% of UK funds on average delivering positive alpha. By comparison, frequency of positive alpha was 42.4% for Swiss funds, 30.7% for French funds and 30% for Spanish funds. The average alpha produced by UK asset managers was also higher, with France generating 2.2%, Switzerland 2.4% and Spain 2%.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress