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Consistent returns key to success

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Why you can trust SCMP
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The South China Morning Post Fund Manager of the Year Awards 2002, in association with Standard & Poor's Fund Services (S&P), aim to reward fund managers for long-term, consistent outperformance relative to their peers.

The awards represent a red-letter day in the Hong Kong fund management calendar. They are widely seen within the industry as an acknowledgement of good, risk-adjusted, low-volatility performance.

Winners were chosen based on participants' risk-adjusted performance for periods ending on December 31 last year. Under S&P's methodology, the winning managers are those who deliver most consistently the best returns with the lowest historic volatility.

The awards are based on three-, five- and 10-year periods. The main group winners this year are UBS Fund Services for the three years, Threadneedle Investment Services (five years), and Investec Asset Management (10-years).

William Reidy, S&P Asia-Pacific Investment Services managing director, says it is a close race for the main titles every year the awards are held, with only minor differences setting the award-winners above those in second and third place.

Threadneedle Investment Services took a number of three-year sector awards in addition to its group award: Latin American equities, European equity ex-Britain and British equities, as well as sterling-denominated fixed income. Over five years, Threadneedle won for North American equities, Latin American equities and sterling fixed income.

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