The Chosen Ones
The rise of UBS Global AssetManagement to the top in the MoneyManagement/Assirt Fund Manager ofthe Year awards, after coming second toCredit Suisse Asset Management last year,represents a high point in the manager’s plansto establish itself in the local market.
Other high points include Platinum takingout the award for International equities for thethird straight year, confirming its position asleader in that field. As part of winning theoverall award, UBS has also scored a win inthe Australian fixed interest category for thesecond year.
However, this year’s awards also witnessesthe coming of age of a number of othermanagers with the appearance of InvestorsMutual Limited among the finalists, as well asIOOF Funds Management and Barclays GlobalInvestors contending for the top spot inAustralian fixed interest and multi-sector fundsrespectively.
Some names also returned to the finalistscircle after an absence, while the usualsuspects from recent years also made anappearance.
In the first category was Tyndall vying for aplace in the Australian shares category andAdvance in the international shares category,after both have missed out on a finalists berthsince 1997.
In the second category are Credit SuisseAsset Management, Perpetual, Challenger,Colonial First State and BT Financial Group,competing for supremacy across a number ofasset classes.
Despite solid and credible efforts to becomefinalists, it was UBS that put its stamp on theawards, nominated in four categories, winningthree and taking out the overall prize only ayear after its debut at the awards.
Money Managementtakes a closer look at allthe finalists who have contended to be FundManager of the Year.
AUTHOR
Jason Spits
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