Coronation crowns it
30 January 2014 - Coronation Insights
Coronation this week won the Raging Bull Award for the Management Company of the Year for the fifth time.
The Raging Bull Awards gala dinner, which was hosted by Personal Finance, ProfileData and PlexCrown Ratings, was held in Cape Town on Wednesday evening.
The award is based on the performance of all a company’s funds under management on a risk-adjusted basis for periods up to five years to the end of 2013.
Coronation claimed the award previously in 2003, 2005, 2006, and 2013, and it has been among the top three management companies 10 times in the past 18 years.
Coronation has consistently collected Raging Bull Awards and certificates for its funds, and this year it received the Raging Bull Award for the Best South African Fixed Interest Fund and a certificate for its Strategic Income Fund. Four of its other funds also received certificates.
Allan Gray was runner-up for the Management Company of the Year Award and Nedgroup Investments was in third position.
Allan Gray also collected one certificate, while Nedgroup scooped five certificates.
The offshore fund manager of the year – the top-performing manager on a risk-adjusted basis among the offshore managers with funds approved by the Financial Services Board – was awarded to Lloyds, which also earned a Raging Bull Award for its global asset allocation fund, the Lloyds Multi-Strategy Fund.
In all, 10 Raging Bull Awards were presented, with the other recipients including Mazi Capital, Marriott, Old Mutual, Contrarius, Prescient and 36ONE.
Don’t miss Personal Finance this weekend for interviews with the leading fund managers and details of why the leading management companies out-performed their peers.
Personal Finance is published every Saturday in the Pretoria News Weekend, the Saturday Star, The Independent on Saturday and the Weekend Argus.