Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Manager awards prove talent knows no national boundaries

Manager awards prove talent knows no national boundaries

Latest figures show that German fund of funds now account for €63 billion of assets, and their importance to cross-border fund managers was evident at the Sauren Golden Awards on Thursday night. The awards were held in Frankfurt, but on the basis of the nationalities of the winners they could have been anywhere.

Cologne-based multimanager Eckhard Sauren (pictured) was a pioneer in Germany of focusing on individual fund manager talent and is now the seventh largest fund of funds manager in Germany. His Golden Awards, based on the qualitative analysis of fund managers from all over Europe, reflected the international nature of Germany's fund industry today.

Of the ten award winners, only one was German - veteran Frank Lingohr who took the prize for global equities.

Britons dominated the awards; with Jupiter's Alex Darwall winning in the European equity category, First State's Angus Tulloch in emerging markets, GAM's Adrian Owens in absolute returns and JOHCM's John Wood in UK equities. Meanwhile, Martin Taylor of Nevsky Capital bagged himself the fund personality of the year award and Charlemagne Capital's Andrew Wiles took the hedge fund award.

But American managers were also represented, with Michael Hasenstab winning in the bond global sector and Joe Foster winning in the gold sector, while Sweden's Filip Weintraub took the comeback of the year award.

The multi-national award winners show how the funds landscape in Germany has changed in recent years, Sauren said.

'If we look back ten years, only a few UK boutiques were present in Germany: such as Griffin and Ennismore. The German market has been becoming more and more international, and it has become easier to sell UK funds in Germany. Our research process has always been international, but nowadays we are in London 20 times a year, compared to just five or six times a year 10 years ago.'

Aside from the multinational award winners, perhaps the most striking thing about the ceremony in Frankfurt was the mix of high-profile fund managers and selectors in the audience. As well as normally-reclusive managers such as Martin Taylor, it also included a number leading fund managers who did not win any awards but still thought it worth attending. These included Nicolas Walewski, former Fidelity star Graham Clapp, Metzler's Lorenzo Carcano, Delta Lloyd's Angus SteelStefan Böttcher from Charlemagne Capital and Stephan Hornung from Squad Capital.

Clearly these managers were there in part to network with fund selectors, but they were also there to meet each other. Indeed, it was interesting to see Nicolas Walewski and Filip Weintraub, for example, meeting for the first time and sharing views on companies and valuations.

But these managers' attendance also shows the influence which organisations offering third party funds now have. After all, Sauren, despite its innovation and strong reputation, is only Germany's seventh biggest multimanager with assets of just over €2 billion. But as investors such as those in Germany put their focus ever more on funds beyond their own borders, such organisations wield ever more power.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Stefan Böttcher
Stefan Böttcher
1/28 in Equity - Frontier Markets (Performance over 3 years) Average Total Return: 59.33%
Martin Taylor
Martin Taylor
Frank Lingohr
Frank Lingohr
Angus Steel
Angus Steel
Angus Tulloch
Angus Tulloch
John Wood
John Wood
96/158 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 26.62%
Lorenzo Carcano
Lorenzo Carcano
35/163 in Equity - European Small & Medium Companies (Performance over 3 years) Average Total Return: 61.90%
Joe Foster
Joe Foster
26/64 in Equity - Gold & Precious Metals (Performance over 3 years) Average Total Return: 27.33%
Michael Hasenstab
Michael Hasenstab
223/417 in Bonds - Global (Performance over 3 years) Average Total Return: 3.68%
Adrian Owens
Adrian Owens
13/13 in Alternative UCITS - Currency (Performance over 3 years) Average Total Return: -10.09%
Nicolas Walewski
Nicolas Walewski
182/604 in Equity - Europe (Performance over 3 years) Average Total Return: 27.16%
Alexander Darwall
Alexander Darwall
16/89 in Equity - Europe Excluding UK (Performance over 3 years) Average Total Return: 39.63%
Events
  • Citywire Luxembourg Forum

    Citywire Luxembourg Forum

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2017

    Citywire Italy 2017

  • Citywire Berlin 2017

    Citywire Berlin 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Professional Buyer

    Citywire Professional Buyer

  • Citywire Madrid 2017

    Citywire Madrid 2017

  • Citywire Switzerland Retreat 2017

    Citywire Switzerland Retreat 2017

  • Citywire Amsterdam 2017

    Citywire Amsterdam 2017

  • Citywire Frankfurt 2017

    Citywire Frankfurt 2017

  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016