Artemis, Newton and Polar Capital have all been bumped from FE’s Alpha Manager list, in the overhaul which saw 31 managers ditched and 47 added.
Adrian Frost and Adrian Gosden from Artemis Fund Managers, Iain Stewart from Newton & BNY Mellon and Polar Capital’s James Salter were all bumped off the ratings list, which acknowledges the top 10 per cent of UK retail managers on their track records since 2000.
The number of new awards handed out to managers in the top decile totalled 47, up from 37 last year, of which 39 had never before received an Alpha rating. These included Schroders’ Johanna Kyrklund, BlackRock’s Tom Holl and JP Morgan Asset Management’s Amit Mehta. The number of managers who made the FE Alpha Managers list this year increased to 189, up from 182 in 2015, despite the turbulence seen in the markets.
Henderson Global Investors and Fidelity Investments featured heavily on the list, with 10 managers from each group receiving an accolade.
The number of women awarded an Alpha rating rose to 12 this year, up from 10 in 2015, while the number of managers in the “hall of fame” who have made the list for each of the past seven years it has been running increased by 50 per cent, from 30 to 45.
Mika-John Southworth, director at FE, says: “These ratings are a quant-driven marker to help advisers and investors spot the best managers in the UK retail investment market. The ratings assess performance throughout a manager’s entire career, across all the funds they have managed, and are specifically designed to reward skill, consistency, alpha generation and downside protection.
He adds: “The purpose of the Alpha Manager rating is to take a step back and remove short-term market movements or cyclical factors from the analysis. It allows us to identify the managers who can add value over time – which is fundamental considering the market conditions we have been facing over the past year.”