The latest Citywire ratings are out and fifty managers across Europe have made their debut. Based on an averaged information ratio over the last 36 months the following managers have earned a rating first the first time ever:
As we reported earlier this month, June's ratings saw UBS managers included for the first time and the Swiss bank made an impressive debut.
Tobias Schulte, who has managed the UBS (CH) Inst Fd-Small&Mid Cap Eq Switzerland since inception in 2001, tops the list of newcomers with a manager ratio of 1.34 and an AAA rating in Switzerland. His fund returned 63.6% over the 5 year period, compared to 41.9% for the Swiss Performance Index Small & Mid.
A second UBS manager receiving an AAA rating is Frank Elze responsible for UBS (D) Equity Fund - Small Caps Germany whose fund outperformed the SDAX index by 43% in the last five years.
Also AAA-rated are Robin Parbrook and Lee King Fuei, the managers of the Schroder ISF Asian Total Return fund. The fund invests in Asia Pacific equities, with an overweight in Hong Kong, and may use financial derivatives instruments.
In the difficult Japanese equity sector, Ernst Glanzman was able to outperform the MSCI Japan TR by 6% over the last 3 years thus qualifying for an AAA rating. His Julius Baer EF Japan is a multimanager fund combining a bottom up stock selection with a quantitative approach.
Greg Mattiko, whom we presented as a rising star recently, has made his first ratings appearance with AA. His JPM Emerging Markets Small Cap Fund follows a fundamental stock picking approach looking to invest in emerging market companies with less than 250 billion market capitalisation.
Also AA rated for the first time were Eleonore Bunel for her AXA WF Euro Credit Plus F D, Louis Veilleux and Yves Kramer managing the Pictet Security fund. Also AA-rated is Tohru Kawakami, manager of Amundi Funds Japan Value and First State’s Peter Meany for the First State Global Listed Infrastructure fund.
For Swiss banking giant UBS, besides the aforementioned AAA rated managers, the following managers received an A rating this month: Lawrence Kemp manager of UBS (Lux) Eq S - USA Growth, Namit Nayegandhi manager of the UBS (Lux) Eq Fd - Asian Consumption, Mark Powers for his UBS (Lux) Inst Sicav - Key Selection UK Equity, Alain Eckman responsible for the UBS (Lux) Bond Fund - Convert Europe and Yit-Mee Cheah the manager of the UBS (Lux) KSS-Asian Equities.
Those completing the line up of managers rated for the first time this month for their risk adjusted performance in three year period up to the end of May 2010 are:
Chris Hiorns, Ecclesiastical Amity European