FE Analytics, recently renamed to FE fundinfo, has announced its inaugural list of Australia’s Top 11 Alpha Managers, including two of Coolabah Capital Investments’ portfolios based on their risk-adjusted excess returns across products and throughout their careers.
These awards are well known in the UK and have just been launched in Australia. FE Analytics is a leading data and research provider, and is used by leading research houses including Lonsec and Zenith.
Money Management’s editor Mike Taylor covered the awards:
“Eleven Australian fund managers have made the grade to be named on the inaugural list of FE fundinfo/Money Management Alpha Managers.
In any given year there are fund managers who outperform their peers and, indeed, Australia has a handful of fund managers whose reputations are such that they have garnered a certain celebrity status but Alpha Manager status recognises career-long performance.
And the bottom line is that when FE fundinfo, the parent company of Money Management, looked at the top 10% of Australia’s retail-facing managers based on their track records over their careers, the following eleven managers emerged as Australia’s inaugural Alpha Managers.
What stands out from the list, is that while it contains some well-known and much-publicised names such as that of Magellan’s Hamish Douglas and Coolabah Capital’s Christopher Joye it also contains some less well-known managers who have clearly been quiet achievers.
To determine the ratings, FE fundinfo 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.
Commenting on the launch of Alpha Managers in Australia, FE fundinfo Australia managing director, Mika-John Southworth said that the Alpha Managers concept was well-established and well-recognised in the United Kingdom, with some of Britain’s best-known managers had been recognised.
“We think the launch of the Alpha Managers in Australia represents a natural extension of what has been achieved in the UK and suitable recognition of the depth of experience which exists in the Australian funds management industry,” he said.”