Source: Link Group’s Dividend Monitor
In Other News
FE fundinfo has added Richard Watts (Jupiter), Anthony Srom (Fidelity) and Terry Smith (Fundsmith) to the 2021 Alpha Manager ‘Hall of Fame’ list.
The Hall of Fame, which recognises managers who have been ‘Alpha-rated’ consistently over a period of seven years, now stands at 51 managers in total.
To gain an Alpha rating, fund managers are ranked according to their track records since 2000, with extra weighting applied to those with longer track records.
The rating is based on three components: risk-adjusted alpha; consistency of outperformance versus their benchmark; and outperformance in both up and down markets.
Home / News / Terry Smith, Richard Watts and Anthony Srom join FE Fundinfo’s hall of fame
Terry Smith, Richard Watts and Anthony Srom join FE Fundinfo’s hall of fame
A trio of the best-performing active fund managers have reached the seven-year ‘alpha-rated’ streak
Terry Smith, Anthony Srom and Richard Watts have joined FE Fundinfo’s alpha manager hall of fame, while 10 managers were booted from the list, including former Invesco manager Mark Barnett.
Fundsmith Equity manager, Smith (pictured), Fidelity Asia Pacific Opportunities manager, Srom, and manager of the Jupiter UK Mid Cap fund, Watts, were all awarded a place in the hall of fame “in a year where extreme volatility has tested the markets and challenged returns”.
Fundsmith’s Terry Smith, Fidelity’s Anthony Srom and Jupiter’s Richard Watts have joined FE fundinfo’s FE Alpha Manager Hall of Fame, which recognises managers that have been rated as ‘Alpha Managers’ consistently for at least seven years.
In order to gain an Alpha rating, managers are rated based on their risk-adjusted alpha, their outperformance in both bull and bear markets, and the consistency of their outperformance relative to their benchmarks. They are ranked based on their track records since 2000, and managers with a longer history of managing money are awarded an extra weighting to highlight the benefits of their experience, according to the firm.
Philip Rodrigs also left with a cloud over his head, though the circumstances surrounding his departure were very different from Barnett with River and Mercantile sacking him over an alleged conduct issue, which he has disputed.
His boutique Raynar Portfolio Management opened its doors in February 2020, as the pandemic was ramping up and a year later had amassed £75m in assets under management.
Easier for big name managers to stage comeback at boutiques
Fund buyers reckon it will be easier for Barnett to stage a comeback at a boutique than at one of the fund giants.
GDIM investment manager Tom Sparke says boutiques lend themselves well to more high-profile managers who may conflict with other ‘big names’ in a larger firm.
Crux hires international sales director
Fund boutique preparing for ‘exciting next phase of growth’
Crux Asset Management has hired Ashley Dale as an international sales director as the fund boutique looks to extend its reach outside the UK market.
Dale joins from Cadogan Capital, a consultancy and capital raising business he co-founded in July last year, and will report to Crux CEO Karen Zachary.
Zachary said Crux had become a well-established fund boutique and is now looking to expand its international footprint.
“We look forward to welcoming Ashley, who brings huge experience and expert knowledge, as we commence this exciting next phase of growth.”