Top managers awarded

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Morningstar handed out its fund manager of the year awards in Auckland last night. While the top award went to a big manager it won't be long till a boutique manager takes the top prize.

Thursday, March 3rd 2011, 6:57AM 1 Comment

AMP Capital Investors has taken out the Morningstar Fund Manager of the Year award for the third consecutive year.

The manager was also a finalist in the fixed interest, domestic equities, and international equities award categories. Morningstar co-head of research Chris Douglas says the company has demonstrated consistency in performance is the key to long­-term results.

AMP Capital head of equities Guy Elliffe and its head of fixed income Grant Hassell have shown that a tried and tested process executed by talented and stable investment teams will continue to produce top ­notch results for investors, he says.

While AMP Capital cleaned up the awards again Douglas said the smaller, niche managers are evolving quickly and he expects one of them will soon take out the top award.

Managers such as Milford Asset Management and Fisher Funds were finalists in various awards with Milford being named the top New Zealand equities manager.

After coming a close runner-­up last year, Milford is well ­deserving winner this year, Douglas says..Milford's investment team is led by industry stalwart Brian Gaynor.

"Milford has delivered consistently for investors by making shrewd calls on local plays such as Diligent (NZX:DIL) and Restaurant Brands (NZX:RBD). Gaynor's broad knowledge of the New Zealand corporate environment and active market presence have enabled Milford to unearth lower­ profile but stellar ­performing names. The firm also has a strong focus on the investor ­friendly characteristics of transparency and disclosure."

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