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

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

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

7 months 1 week ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

2 days 20 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5