Fund Manager of the Year Awards 2023
In association with SQM Research
The 2023 Financial Newswire/SQM Research Fund Manager of the Year Awards
The team at Financial Newswire is proud to announce that together with our research partner, SQM Research, we are bringing the wholly objective Fund Manager of the Year awards back for 2023- recognising the best of the best across 18 investment categories as well as an overall winner.
WHERE
Grand Ballroom
Four Seasons Hotel Sydney
199 George St, The Rocks
Sydney NSW
Dress Code
Formal / Black tie
WHEN
Thursday, 14 September 2023
6:00pm – 11:30pm
PRICING
| Item | Regular Price | EarlyBird Price |
| 1 Seat | $475 | $425 |
| Table of 10 | $4500 | $4000 |
All pricing excludes GST.
REGISTER
Event tickets are available for nominated wealth management industry individuals such as fund managers, funds management executives, financial advisers, superannuation executives and their guests.
Suppliers to the industry (e.g. solution providers to the banking, insurance and wealth management industry) must contact the Financial Newswire team for more information on vendor participation.
For more information, please contact Amelia King via or +61 407 702 765.
Financial Newswire/FST Media reserves the right to decline registration and entry to the event. Please be aware that delegate tickets are non-refundable.
Should you be unable to attend on the day of the conference, a ‘like-for-like’ substitute is welcome to attend in your stead at no extra charge; provided we are informed of the change up to 14 days prior to the conference. Please be aware that this delegate ticket is non-refundable.
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AWARDS FINALISTS AND WINNERS
2023 FUND MANAGER OF THE YEAR FINALISTS
Australian Equities – Large Cap
WINNER: Chester High Conviction
DNR Capital Australian Equities High Conviction
HIGHLY COMMENDED: Perpetual Concentrated Equity
Perpetual Australian Share Fund
PM Capital Australian Companies
Australian Equities – Small/Mid Cap
HIGHLY COMMENDED: Perpetual Pure Microcap Fund
Perpetual Smaller Companies Equity
Regal Australian Small Companies Fund
WINNER: Spheria Australian Microcap
Spheria Australian Smaller Companies
Global Equities – Large Cap
Arrowstreet Global Equity Fund
WINNER: Ironbark Royal London Concentrated Global Share
HIGHLY COMMENDED: Lazard Global Equity Franchise
PM Capital Global Companies
Realindex Global Share Fund (Scr)-Class A
Emerging Markets Equities
WINNER: Dimensional Emerging Markets Value Trust
FSSA Global Emerg Markets Focus Fund
Lazard Emerging Markets Equity I
Robeco Emerging Conservative Equity AUD
HIGHLY COMMENDED: Stewart Global Emerging Markets Leaders
A-REITs
HIGHLY COMMENDED: Pendal Property Securities
Pengana High Conviction Property Securities Fund
Resolution Capital Real Assets
WINNER: SGH Property Opportunities Fund
SGH Property Income
G-REITs
Dexus Global REIT
Dimensional Global Real Estate Trust
WINNER: Quay Global Real Estate Unhedged-Daily Series
SGH LaSalle Global Listed Property Securities
SGH LaSalle Concentrated Global Property
HIGHLY COMMENDED: UBS CBRE Global Real Assets
Listed Infrastructure
HIGHLY COMMENDED: 4D Emerging Markets Infrastructure
ATLAS Infrastructure Australian Feeder Fund
ClearBridge RARE Infrastructure Value Fund
WINNER: Macquarie International Infrastructure Securities
Maple-Brown Abbott Global Listed Infrastructure Fund
Long/Short Equities
Apis Global Long/Short Wholesales
Atlantic Pacific Australian Equity A
HIGHLY COMMENDED: Perpetual Pure Equity Alpha
Totus Alpha Fund – Platform Class
WINNER: WaveStone Dynamic Australian Equity
Australian Equities – SMAs
HIGHLY COMMENDED: Antares Blue Chip Top 20
Macquarie Core Australian Equities Model
Macquarie Growth ex-20 Australian Equities Model
Macquarie Income Australian Equities Model
WINNER: Quest Concentrated
Multisector Growth
CFS Wholesale Enhanced Index Growth
First Guardian Growth Strategies
WINNER: MLC Wholesale Horizon 7 – Acc Growth
HIGHLY COMMENDED: Perpetual Balanced Growth
Samuel Terry Absolute Return Group A
Multisector Growth – SMA
Macquarie Access Growth MA Model
Macquarie Evolve Growth MA Model
WINNER: State Street Growth ETF Model
HIGHLY COMMENDED: Watershed Growth Model
Watershed High Growth
Other Alternatives
HIGHLY COMMENDED: AAM Diversified Agriculture
Arnott Opportunities Trust Non-Series post July 2020
DigitalX Bitcoin
P/E Global FX Alpha Fund
WINNER: Winton Global Alpha
Direct Property Funds
HIGHLY COMMENDED: Alceon Australian Property Fund
CPF Diversified Property Fund
GDA Diversified Property Trust
Redcape Hotel Group
WINNER: Trilogy Industrial Property Trust
ETF Provider
WINNER: BetaShares
HIGHLY COMMENDED: Global X
Hyperion
iShares
Van Eck
Australian Fixed income
Aquasia Enhanced Credit
HIGHLY COMMENDED: Perpetual Credit Income
Perpetual ESG Credit Income
Torica Absolute Return Income Fund
WINNER: Yarra Higher Income Fund
Global Fixed Income
WINNER: CFML Fixed Interest
Colchester Emerging Markets Bond Fund I
Lazard Emerging Markets Total Return Debt
Macquarie Dynamic Bond
HIGHLY COMMENDED: IOOF Specialist Diversified Fixed Interest
Emerging Funds
Dimensional Sustainability World Equities Trust
Fortlake Real-Higher Income
WINNER: GAM LSA Private Shares I
HIGHLY COMMENDED: Langdon Global Smaller Companies A
Woodbridge Private Credit
Responsible Investments (ESG)
Candriam Sustainable Global Equity
Dimensional Global Sustainability NZD Hedged
WINNER: iShares Core MSCI World Ex Aus ESG Leaders ETF
HIGHLY COMMENDED: Perpetual ESG Australia Share
2023 Fund Manager of the Year
Ausbil
HIGHLY COMMENDED: Macquarie
Pendal
WINNER: Perpetual
VanEck
FINANCIAL NEWSWIRE'S STAR MANAGERS 2023
Financial Newswire’s star manager status recognises the performance and consistency of fund managers who outperform their peers and have consequently gained a notable reputation.
2023 Star Managers:
Dimensional Global Value Trust
Dimensional Australian Value Trust
Pendal Concentrated Global Share
Microequities High Income Value Microcap
UBS Australian Share Fund
Yarra Australian Equities Fund
Perpetual ESG Australian Share
Perennial Value Shares Wholesale Trust
Paradice Australian Equities Fund
Ausbil Australian Active Equity
To determine the ratings, SQM Research looks at a manager’s ability to create risk-adjusted alpha, outperformance in both rising and falling markets, and those who consistently beat their benchmarks.
The research house developed a list of the Top 10 of Australia’s managers by evaluating 3-year track records across 500-600 funds with a minimum fund size of $30 million.
The SQM methodology is described in more detail below:
FILTERING RULES
The entire universe of managed funds is screened using the following filtering rules.
Minimum Fund Size
$30 million
Minimum Investment
Excludes funds with $100,000 minimum or greater
Investment Structure
Open-Ended Managed Funds and ETFs
History
Minimum 3 years track record
Type
No duplicates or white-labelled products
The methodology focuses on growth-oriented funds with good risk-adjusted returns. The filtering process reduces the starting universe of over 10,000 funds down to a subset that will typically be in the range of about 500-600 funds.
SCORING SYSTEM
The following 8 metrics are the constituents of the overall score.
3-Year Returns
Performance
3-Year Volatility
Risk
3-Year Alpha
Skill
3-Year Sharpe Ratio
Risk-adjusted Return
MER
Cost Efficiency
ICR
Cost Efficiency
Downside Capture
Risk
Hit Rate
Consistency
Each metric has a ranking score calculated for each fund. A score of 100 is the best result across the universe for that metric, and a score of 0 is the worst. The 8 ranking scores are aggregated into an overall score for the Fund. These overall scores (for 500 or so funds) are then used to identify the Top 10.
FMOTY METHODOLOGY - SQM RESEARCH
Methodology
For the 2023 funds/fund manager of the year awards with Financial Newswire, SQM Research has once again collated performance data on well over 10,000 active funds. As SQM Research is a believer in performance over time taking into account the risks, data was initially collated and sorted on an equal weighting combination of three-year annualised net returns and three-year sharpe ratios (risk adjusted returns). A final ten list of ten funds for each category (global equities, domestic fixed income etc) was then derived. Data was collated through to 30 June 2023.
Finalists were then chosen from the top ten in each category based on the best Sharpe ratio. Where performance was close between two or more funds, the total return was considered as well as any relative rating with SQM Research.
Where risk adjusted returns are not easily available, such as some alternative funds, direct property/ETFs, SQM Research has used its current ratings as a guide plus three year total returns where available.
The emerging funds category was based on annualised returns plus the Sharpe ratio for a combination of one year and since inception data. Emerging funds were defined as funds with a greater than one year track record but less than three years track record.
Fund Manager of the Year
Finalist for the Fund manager of the year was based on the frequency of products that made the initial top ten list of each category.
The overall winner was based on a scoring of how many winners/commended categories plus finalist positions the fund manager held via its funds.
International/Global Equity, Infrastructure and Real estate categories for 2023 include both hedged and unhedged funds and adjust for the difference between the unhedged and hedged benchmark. Where a manager has both hedged and unhedged funds, we will take the average of the two (one adjusted by the benchmark differences) for comparison purposes and only Include the Manager’s fund once.
EVENT PARTNER
