Investment research company Financial Express (FE) has revealed the 50 fund managers who have made it into its annual Hall of Fame - including several managers of Moneywise's First 50 Funds.
To make it into the Hall of Fame, which was launched in 2015, managers must have been consistently top-rated for the past seven years.
Some 21 of the managers in the list have retained their spot for the fourth year running. These include Jenny Jones, manager of the Schroder US Smaller Companies fund – who would have turned an investment of £1,000 into £1,909 over the past five years – and Harry Nimmo, manager of the Standard Life UK Smaller Companies fund, who would have turned an investment of £1,000 into £2,008 over the past five years.
They are joined by 13 new entrants including Teera Chanpongsang, manager of the Fidelity Emerging Asia fund, and Mike Fox, a sustainable investment specialist at Royal London.
Four new entrants to the Hall of Fame are also on the Moneywise First 50 Funds for beginner investors list. These are Liontrust’s Anthony Cross, Jupiter’s Ariel Bezalel, David Gait of Stewart Investors, and Mike Fox of Royal London. Other managers already on FE's list who are also on Moneywise's First 50 Funds list include Liontrust's Julian Fosh and Lindsell Train's Nick Train.
Charles Younes, research manager at FE, says: “Seven years of delivering consistent outperformance is a big ask, especially during prolonged periods of uncertainty and market volatility, so it’s very encouraging to see so many managers retaining their spot or joining this elite group for the first time.”
To make it into the list, managers are judged on their track record since 2000 on areas including how consistently they have performed better than their benchmark; how they have fared both when the stock market is rising and when it is falling; and their risk-adjusted alpha, which is the performance they have achieved based on the risk they have taken in their investment choices.
Mr Younes adds: “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.”
Some five of the entrants into the Hall of Fame are from investment group Fidelity, including Alex Wright, manager of the Special Situations fund, and Ian Spreadbury, manager of the Extra Income fund.
Investment houses Jupiter and Schroders each have two managers in the list who have appeared for the four years since it launched, including Andrew Brough, manager of the Schroder UK Mid Cap fund, and Algy Smith-Maxwell, manager of the Jupiter Merlin Growth Portfolio.
FE Alpha Manager Hall of Fame Members 2018:
|Andrew C. Green||GAM|
|Ben Russon||Franklin Templeton|
|Daniel Nickols||Old Mutual Global Investors|
|David Dudding||Columbia Threadneedle|
|David Gait*||Stewart Investors|
|Dr. Guy Morrell||HSBC Global Asset Management|
|Francis Brooke||Troy Asset Management|
|Giles Hargreave*||Marlborough Fund Managers|
|Guy de Blonay||Jupiter|
|Harry Nimmo||Aberdeen Standard Investments|
|Mark Slater||Slater Investments|
|Martin Lau||First State Investments|
|Mike Fox||Royal London|
|Neil Woodford||Woodford Investment Management|
|Nick Train*||Lindsell Train|
|Paul Spencer||Franklin Templeton|
|Robert Smith||Baring Asset Management|
|Robin Hepworth||EdenTree Investment Management|
|Stuart Mitchell||St. James's Place|
|Tim Wood||McInroy & Wood Portfolios|
* Fund managers who manage funds in Moneywise's First 50 Funds for beginners.