This is only the second time in the history of the awards that one company has won both prestigious awards in the same year. The Raging Bull awards measure performance across our range of funds taking into account performance, risk-management and consistency over a five year period.
Nic Andrew, head of Nedgroup Investments, says the methodology of these awards gives higher weightings to larger funds and is therefore a good proxy for the performance achieved by Nedgroup Investments clients.
"We are immensely proud of these awards. Our number one objective is to deliver good long-term performance to our clients so it is also very pleasing that this is the seventh year in a row that we have been amongst the top three unit trust managers in the country. This is a real endorsement of our 'best of breed' philosophy where we identify and partner with exceptional independent managers who we believe have a sustainable edge," he says.
Nedgroup Investments placed first ahead of Coronation (2nd) and Allan Gray (3rd) in the awards for both Offshore Management Company of the Year and South African Management Company of the Year.
A number of Nedgroup Investment funds also won awards for being the top fund (performance or risk-adjusted performance) in their respective categories:
• Nedgroup Investments Global Equity Fund managed by Veritas.
• Nedgroup Investments Global Flexible Fund managed by FPA.
• Nedgroup Investments Global Cautious Fund managed by Killen.
"These awards are fantastic news but we remain aware of the real challenge and responsibility going forward to continue to deliver to our clients who have trusted us with their savings," says Andrew.
