Troy Asset Management's Francis Brooke, Lindsell Train's Nick Train and Fidelity's Alex Wright are among the new entrants in FE's 2017 Alpha Managers Hall of Fame.
The prestigious list, which houses managers who have consistently received an FE Alpha rating over the past seven years, now hosts 42 names, with ten new entrants in 2017.
Train, Brooke and Wright join the list for the first time, while BlackRock's Alister Hibbert, Jupiter's Guy de Blonay and two Ruffer managers are also making their debut (see table, below).
Meanwhile, over half the managers in the Hall of Fame - which represents approximately 2% of the UK asset management industry - have retained their seat for the third year in
These include M&G's Richard Woolnough, Standard Life Investments' Harry Nimmo, Fidelity's Ian Spreadbury and veteran manager Neil Woodford, meaning they have all been awarded an Alpha rating every year for the past decade.
FE Alpha ratings are awarded to managers based on their track records since 2000, with extra weighting 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 up and down markets.
Overall, 193 fund managers were awarded the FE Alpha Manager rating this year, with some 56 new names added, including first-timers Rathbones' Carl Stick and Hermes' Jonathan Pines, while Carmignac Gestion's Edouard Carmignac and AXA IM's Nigel Thomas were among managers losing their place on the list.
'Investors crave consistency'
Mika-John Southworth, director at FE, said: "Investors crave consistency from asset managers to help protect their capital, especially in periods of prolonged uncertainty and market volatility.
"Seven years of delivering risk-adjusted alpha and consistent outperformance is a big ask. Investors can be confident the performance of managers in the FE Hall of Fame is down to genuine skill and conviction, rather than luck.
"Over half the members of the FE Alpha Managers Hall of Fame have maintained their place for the past three years.
"Given the unpredictable market conditions we have been facing in recent years, it is also particularly encouraging to see so many managers enter the FE Hall of Fame for the first time."
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