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Olympic outperformers: top managers of the past four years

Olympic outperformers: top managers of the past four years

The world’s top athletes have gathered in Rio de Janeiro to compete in a variety of Olympic sports including synchronized swimming, rhythmic gymnastics and cycling.

Many have honed their skills over the past four years since the last Olympic Games took place in London in 2012.  But have fund managers managed to keep up with the sporting stars over the same timeframe?

In the first of a two part series, Citywire Selector takes a light-hearted look at how managers across key asset classes have performed over the four years to the end of June 2016.

Global Bonds

  Name Group Four-year returns Fund
Gold Bruno Crastes H2O AM 91.39% H2O Multibonds
Silver Ariel Bezalel Jupiter AM 35.45% Jupiter JGF Dynamic Bond
Bronze Daniel Ivascyn & Alfred T. Murata Pimco 22.62% PIMCO GIS Income

Racing faster than Usain Bolt to the top of the leader board is Bruno Crastes. The AA-rated manager has consistently outperformed the average manager since 2012 on his boutique group's flagship fund, which he has managed since its launch in August 2010.

Chasing him down is Jupiter's Ariel Bezalel, who leads the rest of the competitors. He holds over half of his fund (56.1%) in corporate bonds. The manager favours the UK and it is the top country allocation in the fund at 27.7%.

The duo of Dan Ivascyn and Alfred Murata from US group Pimco post an admirable performance. In a recent market commentary, they said emerging market debt holdings in Brazil and Russia had offset the performance of investment grade and high yield corporate credit holdings in the past month.

Global Equities

  Name Group Four-year returns Fund
Gold Terry Smith Fundsmith 87.10% Fundsmith Equity Fund Feeder
Silver John Boselli Wellington Management 81.01% Wellington Global Quality Growth
Bronze Kristian Heugh Morgan Stanley 80.87% Morgan Stanley Global Opportunity

All the top three competitors in the global equity competition are heavily invested in North America, with second-placed competitor John Boselli allocating 72.5% of his fund to the region, the most of all the managers.

Unlike the others, the heat winner Terry Smith prefers consumer staples to technology and allocates 36.1% to the sector. Meanwhile, Morgan Stanley's Kristian Heugh devotes 43.2% of his fund to technology, which is an overweight against the benchmark allocation of 14.88%.

European Equities

  Name Group Four-year returns Fund
Gold Oliver Kelton Odey Asset Management 111.14% Odey European Focus
Silver Willem Vinke El Sturdza Investment Funds 89.44% El Sturdza Strategic Europe Value fund
Bronze Eva Fornadi Comgest 82.52% Comgest Growth Greater Europe Opps

Pulling perfect somersaults out of the bag to spring to the top of the regional category is Oliver Kelton. France is his top country allocation at 23.66% followed by the UK at 14.65%. However, fellow competitor Willem Vinke allocates just 2% to France, and prefers the UK with 34.91% of the fund allocated there.

Bronze medal winner Eva Fornadi of Comgest keeps her fund concentrated at 37 holdings, with the largest holding being Wirecard AG at 7.3%, which is a payment services company based in Munich. She also devotes 4.5% of the fund to budget airline Ryanair.

European Bonds

  Name Group Four-year returns Fund
Gold Anne Beaudu Amundi 33.26% Amundi Fds Bond Europe
Silver David Simner Fidelity International 29.48% Fidelity Funds- MoneyBuilder European Bond
Bronze John Beck Franklin Templeton 29.14% Franklin European Total Return

The action in the European bond sector is more of a marathon than a sprint, but no less exciting. Italy is a top holding across all three funds, with sector champion Anne Beaudu allocating the most to Italian bonds, with these making up 16.53% of her fund.

Both David Simner of Fidelity and Franklin Templeton veteran John Beck compete well, but Simner has the edge. He allocates 18.53% of his fund to the UK and avoids France. Meanwhile, Beck’s top holding is the US at 13.54% and he also holds 3.82% in Australia.

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Related Fund Managers

Kristian Heugh
Kristian Heugh
1/1337 in Equity - Global (Performance over 3 years) Average Total Return: 62.68%
John Boselli
John Boselli
26/1337 in Equity - Global (Performance over 3 years) Average Total Return: 41.41%
Terry Smith
Terry Smith
3/1337 in Equity - Global (Performance over 3 years) Average Total Return: 55.97%
Ariel Bezalel
Ariel Bezalel
33/53 in Bonds - Sterling Strategic Bond (Performance over 3 years) Average Total Return: 12.68%
David Simner
David Simner
464/574 in Bonds - Global (Performance over 1 year) Average Total Return: -0.67%
Alfred T. Murata
Alfred T. Murata
149/398 in Bonds - Global (Performance over 3 years) Average Total Return: 0.28%
Daniel Ivascyn
Daniel Ivascyn
148/398 in Bonds - Global (Performance over 3 years) Average Total Return: 0.28%
Bruno Crastes
Bruno Crastes
293/398 in Bonds - Global (Performance over 3 years) Average Total Return: -6.30%
John Beck
John Beck
21/75 in Bonds - Europe (Performance over 3 years) Average Total Return: 10.31%
Anne Beaudu
Anne Beaudu
34/75 in Bonds - Europe (Performance over 3 years) Average Total Return: 6.68%
Eva Fornadi
Eva Fornadi
6/590 in Equity - Europe (Performance over 3 years) Average Total Return: 55.20%
Willem Vinke
Willem Vinke
69/590 in Equity - Europe (Performance over 3 years) Average Total Return: 35.64%
Oliver Kelton
Oliver Kelton
485/590 in Equity - Europe (Performance over 3 years) Average Total Return: 14.39%
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