The AAA rating is the highest accolade Citywire awards fund managers for their risk-adjusted returns, with only a tiny slither of the 16,000 managers in our database hitting these heady heights.
In the latest ratings round-up, there were a total of 10 fund managers who made their ratings debut at the very top and now sit among the 426 currently AAA-rated names.
Boasting strong risk-adjusted returns and impressive manager ratios, this collective of newly rated names now face a fight to stay within the 10% of top managers.
In this round-up, we zero in on the very top of this elite group to see what tactics and strategies underpin the performance of the very best of the best.
For more information on our ratings and how manager ratios are calculated, please click here.
George Jikovski, Canyon Capital
Manager ratio: 1.18
Our third highest new entrant misses out on securing the top spot by virtue of having a Manager Ratio which is 0.01 below the manager taking second place. Marginal differences aside, George Jikovski of US boutique Canyon Capital Advisors, is recognised here for his stellar risk-adjusted returns in the fixed income market.
Jikovski, who has run the US-domiciled fund since December 2014, is currently the absolute returns leader for his sector on a one-year basis. He returned 9.8% in the Bonds - US Dollar Medium Term sector in US dollar terms over the 2017 calendar year, while the average peer in the 297-strong market returned 3.3%.
Michael Boyd, GuardCap AM
Manager ratio: 1.19
The manager overcoming Jikovski by the slimmest of Manager Ratio margins is Guardian Capital’s Michael Boyd. The senior global equity manager oversees two funds at London-based group GuardCap AM, both of which he co-runs with Giles Warren, who is also Citywire AAA-rated.
The longest-running of the two funds is the Dublin-domiciled GuardCap Global Equity fund, which was launched in December 2014 and has now entered Boyd into ratings eligibility. GuardCap AM is a wholly-owned subsidiary of Canadian investment firm Guardian Capital Group.
Stephen Lew, JO Hambro
Manager ratio: 1.72
Taking the top spot with an impressive Manager Ratio is JO Hambro’s Stephen Lew, who is recognised for his risk-adjusted returns on the asset manager’s US-domiciled EM small-cap equity fund. Lew joined the firm in September 2013 from Artio Global Investors and is based in Boston.
Lew works on the US-domiciled fund alongside veteran investment duo Emery Brewer and Ivo Kovachev, with all three having run the fund since its December 2014 launch. Both of Lew’s co-managers are also AAA-rated and they currently sit top of the Equity – GEMs Smaller Companies sector on a one-year, absolute return basis.