Jupiter's Guy de Blonay is among 22 managers who have made Trustnet's Alpha Manager list for the first time, while high profile names including Sanjeev Shah and Mark Lyttleton have been cut.
Jupiter’s Guy de Blonay is among 22 managers who have made Trustnet’s Alpha Manager list for the first time, while high profile names including Sanjeev Shah and Mark Lyttleton have been cut.
De Blonay, manager of the £981m Jupiter Financial Opportunities fund, is joined by 22 others who make the list for the first time, including Troy Asset Management’s Francis Brooke, BlackRock’s Alister Hibbert, JPM’s Ian Henderson, M&G’s Max Godwin, Bradley George from Investec, and Royal London Asset Management’s Derek Mitchell.
The 2011 list of top performers sees 61 of the initial 111 fund managers feature in the top ranks for the third consecutive year.
Managers leaving the list this year include Mark Lyttleton of BlackRock, Cazenove’s Chris Rice, Fidelity’s Sanjeev Shah, Jupiter’s Charlie Thomas, Neptune’s Felix Wintle, and Greg Aldridge from M&G.
More than a third of the managers with three years of ratings work for only seven fund management houses, with Jupiter employing five managers who feature on the list.
Threadneedle also has four long-standing Alpha managers, while Henderson, Gartmore, M&G, Newton, and Schroders each have three.
To compile the list, Trustnet considers individual managers of all UK domiciled unit trusts and Oeics, who are then scored on risk-adjusted alpha, outperformance of benchmark and the consistency of performance in rising and falling markets.
Managers are judged across their whole career and must have a minimum track record of 30 months to be rated. The top 10% of managers are then awarded Alpha Manager status for their ability to deliver returns throughout various market conditions.
Michael Holland, managing director of Financial Express, which owns Trustnet, says: “Our analysis is weighted towards long-term performance, as we believe this is more important to investors than short-term numbers.
“From feedback we have received from both advisers and investors alike, these ratings are proving to be an invaluable tool in helping them to make more informed investment decisions.”