Macquarie Investment Management takes the top award at the annual Investment Leadership Awards organised by industry publication Financial Standard in Sydney this week.
The awards recognise Australian investment managers that have proven to consistently add value to investors through sustained investment performance over the short, medium and long term.
The awards span 19 categories across six major asset class sectors, with analysis conducted by Rainmaker Information.
John Dyall, Rainmaker Information’s head of investment research, said: “To assess which of Australia’s leading 100 investment managers and their almost 1000 investment strategies deliver the best outcomes, we asked ourselves the question: what do clients expect when they invest into this strategy?”
“The simple answer is performance, while efficiently managing risk.”
To reveal Australia’s best investment managers Rainmaker analysed how sustainable the relative investment performance of each strategy has been compared to its peers, while also comparing them against a range of important risk measures.
To perform this rigorous assessment Rainmaker took into account more than seven factors, including performance across multiple time periods, volatility, downside risk, and performance ratios.
“Rainmaker’s objective data-driven approach is what makes it stand apart. The Investment Leadership Awards are purpose-built to enable us to identify and recognise Australia’s best of the best,” said Dyall.
“In the case of index management they want the index return. In the case of active management they want outperformance relative to the amount of active risk being taken. In addition they may want the market return plus some downside protection if the markets turn south.”
The winner of the 2019 Investment Manager of the Year was Macquarie Investment Management, besting finalists AMP Capital, BlackRock Investment Management, Dimensional Fund Advisors and Vanguard Investments.
Macquarie was also named finalists in nine of the 19 categories and named winner of the Australian Equities – Small Cap Product of the Year and the International Equities – Active Core Product of the Year.
The winners of the 2019 Financial Standard Investment Leadership Awards are:
CATEGORY | INVESTMENT MANAGER | PRODUCT |
Australian Equities – Active Core | Greencape Capital | Greencape Broadcap Fund |
Australian Equities – High Performance | Bennelong Funds Management | Bennelong Concentrated Aust Equities |
Australian Equities – Index | BlackRock Investment Management | iShares WS Australian Equity Index Fund |
Australian Equities – Small Cap | Macquarie Investment Management | Macquarie Australian Small Comp Fund |
ESG | Australian Ethical Investment | Australian Ethical Australian Shares |
Fixed Income – Aggregate Bonds | PIMCO Australia | PIMCO Global Bond Fund |
Fixed Income – High Yield Bonds | Bentham Asset Management | Bentham Syndicated Loan Fund |
Infrastructure | Lazard Asset Management | Lazard Global Listed Infrastructure Fund |
International Equities – Active Core | Macquarie Investment Management | Walter Scott Global Equity Fund |
International Equities – Emerging Markets | Schroder Investment Management | Schroder Global Emerging Markets Fund |
International Equities – High Performance | Antipodes Partners | Antipodes Global Fund |
International Equities – Index | BlackRock Investment Management | iShares International Equity Index Fund |
Multi-Asset – Balanced | AMP Capital | Responsible Investment Leaders Bal |
Multi-Asset – Capital Stable | Allan Gray Australia | Allan Gray Australia Stable Fund |
Multi-Asset – Growth | Vanguard Investments | Vanguard High Growth Index Fund |
Property | Charter Hall | Charter Hall Maxim Property Securities Fund |
Real Returns | Aberdeen Standard Investments | Aberdeen Standard Multi-Asset Real Return Fund |
Smart Beta | Dimensional Fund Advisors | Dimensional Australian Small Company |
Investment Manager of the Year | Macquarie Investment Management |
There are more than 600 fund managers in Australia, managing a combined $2.63 trillion in assets under management, up 11.7% over the last year.
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