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Wealth Manager Performance Awards 2018: see the winners!

We reveal the winners of the Investment Performance Awards.

The winners of the Wealth Manager Investment Performance Awards were revealed at our annual prize giving at The Grove hotel in Hertfordshire last week.

More than 60 readers entered the 2018 competition, which is held in association with Asset Risk Consultants.

The awards go to firms which have delivere consistent risk-adjusted returns to their clients over a three-year period.

PortfolioMetrix, a £1.4 billion boutique founded in South Africa in 2010, was the biggest winner on the night taking home three prizes, while LGT Vestra and James Hambro & Partners claimed two each.

All the winners highlighted exposure to US securities and the tech sector as their drivers of outperformance. For future opportunities, PortfolioMetrix said it was looking to emerging markets, while LGT Vestra saw the greatest potential in tech and James Hambro said pulling in risk exposure was the route to returns.

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The winners of the Wealth Manager Investment Performance Awards were revealed at our annual prize giving at The Grove hotel in Hertfordshire last week.

More than 60 readers entered the 2018 competition, which is held in association with Asset Risk Consultants.

The awards go to firms which have delivere consistent risk-adjusted returns to their clients over a three-year period.

PortfolioMetrix, a £1.4 billion boutique founded in South Africa in 2010, was the biggest winner on the night taking home three prizes, while LGT Vestra and James Hambro & Partners claimed two each.

All the winners highlighted exposure to US securities and the tech sector as their drivers of outperformance. For future opportunities, PortfolioMetrix said it was looking to emerging markets, while LGT Vestra saw the greatest potential in tech and James Hambro said pulling in risk exposure was the route to returns.

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Cautious portfolio

Winner: LGT Vestra

Shortlisted:

Brooks Macdonald, Investec Wealth & Investment, Redmayne Bentley, Smith & Williamson

Performance:

LGT Vestra Cautious
1 year: 3.88%
3 years: 18.79%

ARC Sterling Cautious PCI
1 year: 1.4%
3 years: 9.4%

Commenting on what has driven performance in the portfolios and future opportunities, Phoebe Stone (pictured), MPS investment manager at LGT Vestra, said: ‘It’s difficult to argue with the US markets, year-to-date returns have been driven by US large cap and tech strategies. Yes, we’re still investing in tech-orientated funds and trying to avoid the blow-ups we’ve seen over the summer in isolated emerging markets.'

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Balanced portfolio

Winner: James Hambro & Partners

Shortlisted:

Brompton Asset Management, LGT Vestra, SG Wealth Management, Cantab Asset Management

Performance
JH&P Mandate 2
1 year: 5.82%
3 years: 24.78%

ARC Sterling Balanced Asset
1 year: 3%
3 years: 15.7%

James Horniman, partner and portfolio manager, James Hambro & Partners: ‘I think one of the keys to our performance is how nimble we can be, especially when buying direct equities. Making sure you don’t pay up when you go in, and if things change, you are quite quick to get out. In terms of sectors, technology and healthcare have been particularly strong in the last 12 months. And the overweight position in international equities, especially in North America, has been very strong. 

‘We are looking for more defensive names, but still sectors that are winners, such as technology, which is changing the world and disrupting the previous methods of the way things were done.’

 

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Growth portfolio

Winner: PortfolioMetrix Asset Management

Shortlisted:

Kleinwort Hambros, LGT Vestra, Tacit Investment Management, Veritas Investment Management

Performance:

PortfolioMetrix Select 6
1 year: 7.73%
3 years: 38.40%

ARC Sterling Steady Growth PCI
1 year: 4.9%
3 years: 23%

Nic Spicer, UK head of research at PortfolioMetrix, said that a combination of different investments drove performance over the past year. He added: ‘I think the best investment has been Jupiter Asset Management’s Alexander Darwall’s fund. It has done phenomenally well in the European space. But I think it’s been a combination. He’s been the shining light, but there have been a number of them.’

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Aggressive portfolio

Winner:

PortfolioMetrix Asset Management

Shortlisted:

Tacit Investment Management, Tilney, Greystone Wealth Management, Wise Funds

Performance: 

PortfolioMetrix Select 7
1 year: 9.62%
3 years: 45.34%

ARC Sterling Equity Risk PCI
1 year: 6.4%
3 years: 28.2%

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Best small firm

Winner:

PortfolioMetrix Asset Management

Shortlisted:

Cantab Asset Management

SG Wealth Management

Tacit Investment Management

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Best medium firm

Winner:
James Hambro & Partners

Shortlisted:

Heartwood Investment Management

Rowan Dartington

Melville Douglas

 

 

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Best large firm

Winner:

LGT Vestra

Shortlisted:

Brewin Dolphin

Kleinwort Hambros

Sanlam

 

 

 

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