View the article online at http://citywire.co.uk/money/article/a301240
Citywire reveals Europe's best fund manager
You may not have heard of him, but Citywire's top fund manager in Europe for the last 12 months is Investec's Greg Kuhnert
Some people are prepared to go a long long way to find a better fund manager, but new research from Citywire reveals that the current top fund manager in Europe is based in London. However, many people have never heard of him.
It is quite something to beat every single fund manager in Europe, but that is the accolade earned this week by a fund manager from Investec called Greg Kuhnert.
AAA-rated Kuhnert is Citywire’s European fund manager of the year. He has achieved the honour by gaining the best risk/return ratio of any fund manager across the continent.
This means that he has made more money for every 1% of risk he has taken than any other fund manager.
Kuhnert runs the Investec Asia ex Japan fund. Although this fund is based in the UK the hidden gem has built his performance record running offshore funds. He has only run a fund based in the UK for a little over a year so does not show up on most performance tables.
But his European record shows he has harnessed the investment opportunities thrown up by the booming Asian economies with great success.
He told Citywire: ‘We did have a very good year last year. We invested in the more cyclical stocks like steel, mining and construction which were driven by China, which is in turn driving growth around the world.
‘More recently the approach has changed and we have been buying a lot of companies with stable visible growth. This is because the slowdown in the UK has obviously made things more difficult.’
A South African by birth, he moved to the UK in 2004.
Over the three years to the end of 2007 Kuhnert has returned 170% while the MSCI AC Far East ex Japan index rose 121%. He does have peers who delivered higher returns than that over the time period. However, they took more risk than him to do it.
Kuhnert invests by building a portfolio of 70-90 companies which look for fundamental qualities in companies, rather than trying to play the short-term share price.
In Asia he must pick through hundreds of ‘good’ ideas to find the best companies for his investors.
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Andrew Friend, acting co-manager*, and Marcus Langlands Pearse, co-manager of the Henderson UK Property Unit Trust (HUKPUT), provide an overview of the key risks and opportunities for the UK commercial property market.
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- Investec Asia ex Japan A Acc Net
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- Fortis L OBAM Equity World Cap
- Fidelity South East Asia Acc
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