To the victor go the spoils: all of the 2016 fund award winners

Professional Planner

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October 7, 2016

The winners of the 2016 Professional Planner|Zenith Fund Awards have been announced, at an event at Ivy Ballroom in Sydney. The awards recognise the best talent in the Australian funds management market, and cover 19 separate categories, including Distributor of the Year and the headline Fund Manager of the Year.

The 2016 Fund Manager of the Year is Bennelong Australian Equity Partners – with the manager also picking up top honours in the Australian equities – large cap and Australian equities – small/mid/micro cap categories.

The 2016 Distributor of the Year is Pinnacle Investment Management. Its affiliated managers include Resolution Capital, winner of the global REIT category, and Antipodes Global Investment Partners, winner of the international equities – alternative strategies (long/short global, long/short regional, income overlay (options)) category.

More than 330 representatives of the leading fund management organisations attended the awards, co-hosted by Zenith Investment Partners managing partner David Wright and national sales manager John Nicoll. The event was produced by Conexus Financial, publisher of Professional Planner, and sponsored by Fundamental Media.

The awards are based on Zenith’s renowned research and analysis, and cover nine key aspects of a fund manager’s structure, processes and people:

1. Organisational strength
2. Investment philosophy
3. Investment process
4. Investment team
5. Security selection
6. Security valuation
7. Portfolio construction
8. Risk management
9. Performance

Quan Nguyen, a senior investment analyst with Zenith, says the finalists and the winners of the awards are “of high quality; they’ve built sustainable businesses; outperformed consistently; and delivered upon their investment objectives”.

“They’ve got strong investment personnel, top-notch infrastructure, good investment process and culture,” he says.

“We make an assessment of the organisation, the team, investment process and unique features. We look at performance as well, and whether or not they’ve delivered on objectives and, going forward, do we think that they are able to deliver upon objectives?”

Nguyen says Zenith assesses the capability of the fund manager, and the rating of the manager’s capability flows on to the individual products and portfolios that draw on that capability.

Nguyen says the winners of the fund awards aren’t necessarily expected to shoot the lights out on performance every year, but the research house has a high level of confidence that the managers will deliver on their stated investment objectives.

“There wouldn’t be any blow-ups, there wouldn’t be any disasters,” Nguyen says.

“We’re expecting these guys to consistently deliver upon objectives – and that might be that some of these funds are 1 per cent over or just outperform their benchmark, not necessarily being 10 per cent over, for instance.”

And the winners are:

Category Winner
A-REIT Cromwell Funds Management
Global REIT Resolution Capital
Direct property Charter Hall
Infrastructure Magellan Asset Management
Global and diversified fixed interest PIMCO Australia
Australian fixed interest Legg Mason/Western Asset Management
Exchange-traded funds BetaShares
Listed investment companies Wilson Asset Management
Alternative strategies (commodity trading advisers/macro, multi-strategy, market-neutral, fund-of-hedge-fund, agribusiness, commodities, private equity, other) Colonial First State Investments/Aspect Capital
Multi-asset – diversified Russell Investments
Multi-asset – real return MLC
International equities – emerging markets and regional Macquarie Professional Series/Walter Scott & Partners
International equities – alternative strategies (long/short global, long/short regional, income overlay (options)) Antipodes Global Investment Partners
International equities – global Macquarie Professional Series/Independent Franchise Partners
Australian equities – alternative strategies (incl long/short, income overlay (options)) Auscap Asset Management
Australian equities – small cap Bennelong Australian Equity Partners
Australian equities – large cap Bennelong Australian Equity Partners
Distributor of the Year Pinnacle Investment Management
Fund manager of the Year Bennelong Australian Equity Partners
Source: Zenith Investment Partners

TOPICS:  Professional Planner|Zenith Fund AwardsZenith Investment Partners



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