Perpetual named Fund Manager of the Year

Christine St Anne | 03 Mar 2014

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Christine St Anne is Morningstar's online editor.


Perpetual Investments has been named Fund Manager of the Year in the Australian Morningstar Awards 2014.

It is the second time Perpetual Investments has taken out the top gong.

The Morningstar Awards recognise quality managers across eight categories.

"The winners of the Australian Morningstar Awards have all shown themselves to be first-class stewards of their investors' capital. The quality of their people, process, parent, price and performance are a testament to their commitment to investors and enables them to continue providing outstanding results," Morningstar Australasia co-head of fund research Tim Murphy said.


And the winners are ...

Australian Fund Manager of the Year 2014 - Perpetual Investments

Having secured the top award in 2013, the shop's roster of astute investors put up a commendable fight to hold on to the title. Perpetual's well-established investment approach implemented by its team of experienced investors enabled the firm to deliver laudable returns across its broad business.

Perpetual's impressive ability at identifying undervalued yet high-quality names using its disciplined-yet-flexible valuation process made it a very close contender for the domestic equities award.

Shrewd management and insightful analysis leading to peer-beating returns from the fixed-income and multi-sector strategies contributed further to the firm's success.

Perpetual Investments continues to deliver enviable results across its suite of investment products and remains an outstanding steward of its investors' capital.

Multi-Sector Category, Australia 2014 - BlackRock Investment Management

This award covers BlackRock's Global Allocation and Scientific multi-sector funds available in Australia.

Dennis Stattman's astute leadership, shrewd insights and the global allocation strategy's demonstrated resilience in varying market conditions continue to translate into a well-considered approach to multi-asset investing and excellent risk-adjusted returns.

Karsten Kumpf and his colleagues' Scientific Diversified range had a strong year in 2013, demonstrating that quantitatively based fund managers can produce compelling portfolios by adroitly deploying non-typical sources of alpha.

The intrinsic qualities of both strategies make BlackRock a worthy choice for investors seeking a multi-asset class solution.

Fixed-Interest Category, Australia 2014 - Bentham Asset Management

Richard Quin and his team have skilfully created a niche for themselves, focusing on fixed-income sectors in which other fund managers dabble only sparingly.

These credit-sensitive sectors have enjoyed a stunning rebound in recent years, but Bentham has done much more than ride this wave. 2013's double-digit return provided strong affirmation of the team's smart forward thinking about rising bond yields, and shrewd positioning to succeed in that environment.

The stable, experienced and specialised team fosters confidence that such excellence can continue into the future, all making Bentham thoroughly deserving of the fixed-interest title.

Domestic Equities Category, Australia 2014 - Bennelong Australian Equity Partners

Bennelong continues to produce enviable risk-adjusted returns for investors. Mark East, Paul Cuddy, and their team apply their earnings growth-focused process with greater conviction than most, and have shown a deft hand at navigating market turning points.

Bennelong continues to reward investors in Australian shares handsomely and illustrates the calibre that makes it the standout in a hotly contested field.

Domestic Equities Small Caps Category, Australia 2014 - Hyperion Asset Management

This is the third consecutive year Hyperion has won this award. Mark Arnold and Joel Gray's unwavering commitment to scrupulous bottom-up research on smaller companies continues to pay off handsomely for their investors.

The top-notch people and process make Hyperion well-placed to extend this impressive track record into the future.

International Equities Category, Australia 2014 - Goldman Sachs Asset Management/Wellington Management Company

This flexible, style-agnostic approach to selecting international companies offers the potential to outperform in a variety of market conditions, something Nicolas Choumenkovitch and his colleagues demonstrated convincingly in 2013.

The Goldman Sachs/Wellington approach remains a winning one for Australian investors looking to broaden their portfolios to take advantage of the wealth of global investing opportunities.

Listed Property Category, Australia 2014 - Cromwell Phoenix Property Securities

Stuart Cartledge and Richard Fakhry have shown that it's possible to offer a genuinely differentiated and attractive proposition in this highly index-aware sector.

The intuitive stock views, robust analysis, adeptly high-conviction portfolio construction and healthy subsequent performance all combine to make Cromwell Phoenix an outstanding vehicle for listed property investment.

Undiscovered Manager Category, Australia 2014 - SGH ICE/Equity Trustees

SGH ICE portfolio manager Callum Burns' creative approach to small-cap investing involves scouring the market for companies with the traits of a quality franchise, which possess entrenched market positions, assets that are hard to replicate, and have demonstrated pricing power ability.

The combination of Burns' shrewd insights and the well-thought-out approach make SGH ICE deserving of wider attention.

This report appeared on 2021 Morningstar Australasia Pty Limited

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