Fund managers Nick Train and Alex Wright have made it to FE’s Hall of Fame after managing to consistently beat their benchmarks over the past seven years.
There are 10 new entrants to FE’s Alpha Manager Hall of Fame, including equity income investor Francis Brooke of Troy Asset Management, quality growth manager Nick Train, and Fidelity’s value and small cap guru Alex Wright.
Of the 42 managers that made it into the 2017 list, more than half have kept their seat for the third-year running, which includes investment veterans such as Neil Woodford, Standard Life’s Harry Nimmo, and Fidelity’s Ian Spreadbury.
Schroders and Fidelity International topped the league table at a group level.
The FE ratings are largely based on the consistency of outperformance compared to their benchmark, and the performance in both rising and falling markets.
Mika-John Southworth, director at FE, said: “Investors crave consistency from asset managers to help protect their capital, especially in periods of prolonged uncertainty and market volatility.”
He said seven years of consistent outperformance is a “big ask”, but said investors can be confident that the performance of managers in the FE Hall of Fame is down to genuine skill and conviction, rather than luck.
New entrants to the FE Alpha Manager Hall of Fame 2017
Fund Manager | Fund Group |
Alex Grispos | Ruffer |
Alex Wright | Fidelity International |
Alister Hibbert | BlackRock |
David Ballance | Ruffer |
Dr. Guy Donovan Morrell | HSBC Investment Funds |
Francis Brooke | Troy Asset Management Ltd |
Guy de Blonay | Jupiter Asset Management |
Nick Train | Lindsell Train |
Stephen Thariyan | Henderson Global Investors Ltd |
Tim Wood | McInroy & Wood Portfolios Ltd |
“Given the unpredictable market conditions we have been facing in recent years, it is particularly encouraging to see so many managers enter the FE Hall of Fame for the first time,” Mr Southworth added.
Darius McDermott, managing director of Chelsea Financial Services, said there is some overlap with ratings provided by Fund Calibre.
“The list has got a decent consistency of managers, which you would expect given FE are looking at consistency of alpha generation.”
“Our ratings business, Fund Calibre, has also seen very little change with managers, so if you take a long-term study of alpha you would expect it to give you a consistent list.”
FE Alpha Manager Hall of Fame Members 2017
Fund Manager | Fund Group |
Alex Grispos | Ruffer |
Alex Wright | Fidelity International |
Alexander Darwall | Jupiter Asset Management |
Algy Smith-Maxwell | Jupiter Asset Management |
Alister Hibbert | BlackRock |
Andrew Brough | Schroders Investment Management |
Andrew C. Green | GAM Fund Management Ltd |
Barry Norris | Argonaut Capital Partners |
Ben Russon | Franklin Templeton Funds |
Crispin Odey | Odey Asset Management |
Daniel Nickols | Old Mutual Global Investors(UK)Ltd |
David Ballance | Ruffer |
David Dudding | Columbia Threadneedle Investments |
Dr. Guy Donovan Morrell | HSBC Global Asset Management |
Francis Brooke | Troy Asset Management |
Giles Hargreave | Marlborough Fund Managers/Hargreave Hale |
Gordon Grender | GAM Fund Management Ltd |
Guy de Blonay | Jupiter Asset Management |
Harry Nimmo | Standard Life Investments |
Ian Spreadbury | Fidelity International |
James Thomson | Rathbone Unit Trust Management Ltd |
Jamie Hamilton | M&G UK |
Jenny Jones | Schroders Investment Management |
John Chatfeild-Roberts | Jupiter Asset Management |
John Wood | JO Hambro Capital Management |
Julian Fosh | Liontrust Fund Partners LLP |
Leigh Himsworth | Fidelity International |
Mark Slater | MFM |
Martin Lau | First State Investments |
Mary McBain | Ruffer |
Neil Woodford | Woodford Investment Management |
Nick Train | Lindsell Train |
Paul Spencer | Franklin Templeton Funds |
Richard Pease | CRUX Asset Management Limited |
Richard Woolnough | M&G UK |
Rob Burnett | Neptune |
Robert Hay | Newton |
Robin Hepworth | EdenTree Investment Management |
Stephen Bailey | Liontrust Fund Partners LLP |
Stephen Thariyan | Henderson Management SA |
Steve Russell | Ruffer |
Tim Wood | McInroy & Wood Portfolios Ltd |
katherine.denham@ft.com