Credit Suisse named Fund Manager of the Year
Credit Suisse has blitzed the field in the 2001Money Management/Assirt Fund Manager of the Year to take out overall line honours in the awards.
Credit Suisse narrowly beat fellow Swiss-based giant UBS Asset Management to bring home the most prestigious prize in the funds management industry at an awards ceremony in Sydney last night. The two Swiss fund managers stamped their authority on the awards by taking out either first or second place in four of the award's six categories.
Credit Suisse's convincing victory included beating a strong field in the hotly contested multi-sector category and grabbing second place in the international equities and Australian fixed interest categories.
It is only the second time a European-owned financial services business has bagged the top gong in the award's 14 year history. ING-owned Mercantile Mutual is the only other European-ownedMoney Management/Assirt Fund Manager of the Year, grabbing top place in 1997.
Second place getter UBS took out top prize in the Australian fixed interest category and was runner up in the prestigious Australian equities award behind JB Were.
Colonial First State continued its impressive run in theMoney Management/Assirt Fund Manager of the Year awards, coming in third overall and finishing in the top three for both property and multi-sector funds. Colonial First State became the first fund manager to win back to back awards last year and has been among the top three in four of the last five years.
Platinum Asset Management won the international equities prize for the second year in succession, while Challenger won the Mortgage fund awards for the second year in a row. Rothschild was judged the top property manager, taking out the property fund award.
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