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Train and Wright enter fund manager Hall of Fame

Train and Wright enter fund manager Hall of Fame

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