How are last years FMOTY winners performing?
With Money Management having announced the nominees for this year’s Fund Manager of the Year awards, it is worth looking back how last year’s best in show has performed.
AllianceBernstein was crowned Money Management’s Fund Manager of the Year in 2019, and won the Australian Equities Large Cap award.
Over the one year to 31 May, 2020, the Managed Volatility Equities fund, which was the Australian Equities Large Cap award winner, returned 1.89% according to FE Analytics.
The other two nominees in the Australian Equities Large Cap award were Platypus Australian Equities and Bennelong Australian Equities, which returned 8.65% and 8.45%, respectively.
AllianceBernstein’s Concentrated Australian Equities fund was also in the sector, which had lost -9.42%.
In FE Analytics, there are seven AllianceBernstein funds in total, with the rest in the global equities, fixed interest global bond and alternative sectors.
Dynamic Global Fixed Income returned 1.81% compared to the fixed interest global bond sector, within the Australian Core Strategies universe, average return of 4.01%
In the alternatives sector, the AB Alternative Risk Premia was launched on 12 June, 2019, and lost 5.45% since inception.
The global equities sector, which had an average return of 8.58% over the last year to 31 May, 2020, included three AllianceBernstein funds.
The Global Equities fund, which was designed for investors with high risk tolerances who wanted long-term capital grown and some income from global equities, returned 9.61%.
The Managed Volatility Equities Green fund was designed for lower volatility and downside risk in falling equity markets, as well as the aim to reduce net greenhouse gas emissions within its holdings, returned 2.55%.
Designed for investors with high-risk tolerances for long-term growth, the Global Research Insights fund lost -5.02%.
Performance of Money Management Fund Manager of the Year 2019 Australian Equities Large Cap nominees versus the sector over the one year to 31 May 2020
AUTHOR
Chris Dastoor
Recommended for you
Bfinance Australia has shared five questions to ask when considering a semi-liquid private equity fund as their assets under management reach US$30 billion.
GQG Partners has announced its funds under management for February, but reported lower net flows during the month.
The days of “lunch and a handshake” are long gone for alternative fund managers, Bain & Company has said, as a slick sales organisation is needed if they are to benefit from the huge source of capital in private investors.
Ares Management is the latest fund manager to enact alternatives M&A, completing the acquisition of the international business of GLP Capital Partners to create a firm with US$525 billion in assets under management.
