Arrowstreet on target again
For the second year in a row, the Arrowstreet Global Equity Fund has taken out the Global Equities (Broad Cap) in the Money Management/Lonsec Fund Manager of the Year Awards.
The fund, available via the Macquarie Professional Series, used its active, quantitative investment approach to identify attractive stocks from around the world to return 36.3 per cent for the year and 16.7 per cent per annum for the past five years.
Macquarie Investment Management head of affiliated manager business executive director, Megan Aubrey, said Arrowstreet applied their research to find innovative ways to use data sources to uncover investment insights, particularly between related companies.
"Through its quantitative investment process, Arrowstreet has generally avoided behavioural investment biases and demonstrated the ability to navigate different market conditions to provide consistent returns for investors," Aubrey said.
MFS Investment Management has returned as a finalist for the third consecutive year with the MFS Concentrated Global Equity Trust (Wholesale).
MFS senior managing director, head of Australia, Marian Poirier, said the fund's success stemmed from a consistent, long-term, bottom-up, research-driven approach around a high conviction portfolio of 25 stocks.
"We stuck to our guns and did what we said we would and have produced five years of annualised performance that is three per cent or more above the fund's MSCI World benchmark," Poirier said.
First time finalist the IFP Global Franchise Fund, which is also offered via the Macquarie Professional Series, has set a goal to earn attractive long-term risk adjusted returns over a full market cycle.
Aubrey said the fund looks for strong intangible assets such as brand, patents and licenses that provide a competitive advantage and an enduring franchise that supports high returns while offering investors select access to global brands that will continue to be a high quality franchise.
AUTHOR
Jason Spits
Recommended for you
Investment manager Woodbridge Capital has appointed Ben Evans as executive director, origination, joining the firm from Metrics Credit Partners.
Revolution Asset Management has listed its Private Credit Income Trust on the ASX today, offering retail access to Australian and New Zealand private credit.
Northern Trust Asset Management has appointed Anwiti Bahuguna as global co-chief investment officer to succeed Michael Hunstad, who was recently named president of the firm.
Three managed investment schemes have received interim stop orders from ASIC following its private credit review, including two run by La Trobe Financial Asset Management.
