The Raging Bull Awards 2017

The Raging Bull Awards ceremony, which turned 21 this past January, was celebrated in style and honoured some of the industry legends. Photos: Greg da Silva Photography

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The Raging Bull Awards recognise excellence in the asset management industry’s unit trust sector and honour the managers of funds, which have consistently delivered returns for local retail investors. This year, over 300 investment professionals attended the awards ceremony in Johannesburg on 25 January 2017.

The awards pay tribute to the top industry performers through the presentation of 12 Raging Bull Awards, in addition to honouring 43 certificate winners. This year, the highly prestigious title of South African Management Company of the Year went to Allan Gray—the fifth time in their history that they have taken home the top honour. This time around, their success came off the back of major improvements in the risk-adjusted performance of their funds, with particular attention paid to their offshore funds.

PSG (2nd place) and Nedgroup Investments (3rd place) were awarded certificates as runners-up to Allan Gray for the evening’s top honour.

Another big winner from previous years, Nedgroup Investments were named the Offshore Management Company of the Year, while Investec Asset Management will remember the 21st anniversary of the Raging Bull Awards with particular fondness. Investec took home both of the special anniversary awards presented in 2017, which were presented for straight performance over 21 years by a domestic general equity fund as well as for risk-adjusted performance over 21 years by a multi-asset equity fund.

With R10.7-billion of funds under management, Old Mutual’s Global Equity Fund extended their winning streak in the category Top Performance by a Domestic Collective Investment Scheme (for the three-year period ending 31 December 2016) for Best (SA-Domiciled) Global Equity General Fund to a fifth consecutive year. The rand-denominated Global Equity Fund provides South African investors access to the best ideas across global equity markets. “With exposure to top-quality international brands including Apple, Amazon, Pfizer, Verizon, Intel and Microsoft, the Fund is suited to those wanting to build their own solutions or add additional offshore exposure to their portfolios,” says Elize Botha, Managing Director of Old Mutual Unit Trusts.

This year, just two boutique managers picked up a Raging Bull Award—Centaur and Contrarius. Centaur’s Flexible Fund received the award for risk-adjusted performance in the South African multi-asset sub-category, where there are no restrictions on how much a fund manager can hold in a particular asset class. Contrarius’s Global Equity Fund was the top-performing offshore FSB-approved fund in the global equity sub-category.

Prescient led the SA fixed-interest sector, where its Income Provider Fund captured the Raging Bull Award for top performance among bond, income and multi-asset income funds. The Income Provider Fund also received the certificates for the best multi-asset income fund on straight and risk-adjusted performance.

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