UBS takes out Fund Manager of the Year again

australian equities funds management industry credit suisse fund manager

2 May 2003
| By Jason |

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 5 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 3 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

6 days ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

5 days 4 hours ago