Unit trust firms gun for Raging Bull Awards

Published, 26 January 2017 by Staff Writer, Business Report at 07:59am

The Oscars of the unit trust industry, the Raging Bull Awards, celebrated its 21st anniversary last night, and to mark the occasion there were two special awards made in addition to the 10 coveted awards. The event was hosted by Personal Finance, a publication of Independent Media, in conjunction with partners ProfileData and PlexCrown Fund Ratings.

The special awards were for the firm with the top-performing South African equity general fund over 21 years and top multi-asset equity fund on a risk-­adjusted basis over 21 years.

Dr Iqbal Survé, executive chairman of Independent Media, addressed this year’s event, which was held at the Summer Palace Ballroom in Johannesburg.

More than 300 representatives of leading unit trust firms, boutique managers, financial services regulators and investment industry bodies attend the event. Each year, 10 Raging Bull Awards are awarded.

The most coveted award, for the South African Management Company of the Year, is made on the basis of an average PlexCrown fund rating that measures risk-adjusted returns and consistency of performance across all of a manager’s qualifying funds for periods up to five years.

Last year, Nedgroup Investments was the first management company to scoop the Raging Bull Awards for South African Management Company and for Offshore Management Company.

 

Read the full article here

 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *