UBS takes out Fund Manager of the Year again
UBS Global Asset Managementhas repeated its success in theMoney Management/AssirtFund Manager of the Year Award by taking out top honours with a second back-to-back win of the most prestigious prize in the funds management industry.
The win caps off similar successes in the Australian fixed interest and property securities categories, which the group also won last year.
It also notched up a place as a finalist in the Australian equities and multi-sector categories, once again echoing its performance in last year's awards where it was a finalist in Australian equities.
The other finalists for the overall award wereBarclays Global InvestorsandCredit Suisse Asset Management, which was a finalist last year after taking out the overall award in 2001.
Credit Suisse was successful in the international equities category, while Barclays was a finalist in both the Australian equities and multi-sector categories.
Boutique investment groupInvestors Mutualalso secured its second successive win, taking out the Australian equities award again and scoring top honours in the newly introduced category of Rising Star ahead of Dimensional Fund Advisors andHunter Hall Investment Managers.
A second new award in the category of Alternative Assets was won byVertex Capital Managementfrom finalistsPlatinum Asset ManagementandColonial First State.
The addition of the two new awards marks a shift in the industry with an increasing numbers of managers who have a boutique background or make use of investment strategies with an absolute return objective.
The Rising Star award highlights new and emerging managers, while the Alternative Assets award recognises that absolute return managers need to be treated differently as their aim is about achieving risk-adjusted returns, not about beating a benchmark.
AUTHOR
Jason Spits
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