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Winners of FE Alpha Manager Awards 2017

16 May 2017

FE has announced its thirteen Alpha Manager Awards, naming Alex Wright of Fidelity as the overall FE Alpha Manager of the Year.

Wright manages the Special Situation and Special Values PLC funds as well as co-managing the UK Smaller Companies fund.

Michael Holland, managing director at FE said: “The FE Alpha Manager ratings recognise a manager’s ability to create risk-adjusted alpha, outperformance in both rising and falling markets and those who consistently beat their sector peers.

“The FE Alpha Manager awards are a celebration of the industry’s top rated fund managers.”

The full list of winners can be found below.

Charles Younes, research manager at FE (pictured), added: “This year’s award winners have combined consistent performance throughout their career with phenomenal outperformance over the past year in their respective categories. This is an incredible achievement in the face of unpredictable markets and unexpected political events such as Britain’s vote to leave the EU and the election of Trump to US president.”

Explaining the awards process, Younes said, “The winners are determined by narrowing down the FE Alpha-rated Managers ratings to a list of the highest-scoring managers. Once we had a refined list, we used qualitative analysis to pick the brightest stars.”

BNY Mellon’s Colm McDonagh, who manages the Absolute Insight Emerging Market Debt and Emerging Markets Corporate Debt funds, took the title of Best New Alpha Manager. Colm has returned 79% over his career, data from FE Analytics shows.

In the run-up to the event, attendees were asked what they thought the biggest barrier to active managers outperforming in the year ahead will be. The most common answers were geo-political instability 29.17%, poor investment decisions by managers 25% and high valuations 21%.*

Commenting on the poll, Younes said: “Political uncertainty and market rotations affected the performance of many active managers last year. The result of our poll suggests the industry thinks these factors may continue to have a negative impact, but to a lesser extent. On the contrary, the indication that poor investment decisions could be the biggest barrier to alpha shows that they believe managers will be more responsible for their destiny this year. Clients might be less patient on investors blaming the market environment for poor performance.”

Click on winners list to enlarge.

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