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Citywire group ratings: UK All Companies

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by Wealth Manager Team on Feb 14, 2014 at 14:10

Citywire Group Ratings, our new service, are awarded by sector ands based on how consistently a firm has delivered strong risk-adjusted returns across its team. Check out who comes out top in UK All Companies.  

Citywire ratings now include groups. Citywire Group Ratings are awarded by sector to recognise the ability of a group’s managers to deliver consistently strong risk-adjusted performance.

Jonathan Miller, Citywire’s head of research (pictured), said: ‘With group ratings, we take into account the complete stable of managers a group currently has in a sector. All the individuals’ risk-adjusted performance over a seven-year period are factored in, as are moves people have made and changes in responsibility.’

The ratings are calculated over seven years and based on an average of their managers’ three-year rolling risk-adjusted returns. To be eligible, a manager needs two-and-a-half years’ experience and their contribution is weighted according to their time active during the period.

Where managers have moved, their track records will follow them. A final score is generated for each group, on a sector by sector basis, with their current stable of managers taken into account. Those delivering excellent levels of outperformance are placed in the ratings pool.

Ratings are awarded to any group that is at least one third ahead of the average score. Within this top group, 10% receive a platinum rating, the next 20% a gold rating, the next 30% a silver rating, and the remaining 40% a bronze rating.

For the UK All Companies sector, only two fund groups achieve a platinum rating, see the next slide to find out who they are.

Lindsell Train

Lindsell Train was co-founded by Nick Train and Michael Lindsell in 2000. The CF Lindsell Train UK Equity fund was launched in 2006 and is now £790 million in size. Nick Train believes in the enduring power of brands, and holdings include Diageo and Heineken.

Cavendish

Cavendish Asset Management is a specialist long-only boutique that is part of the Lewis Trust Group, a large private company with interests in retail and hotels. Paul Mumford, who runs the Cavendish Opportunities, and UK Select funds, has more than 25 years’ experience as a fund manager in the sector.

Boutiques Majedie and Liontrust have built a strong following with their solid investment teams. Investec’s presence is led by Alistair Mundy’s contrarian approach and the surprise packages are Matterley, Man Investments and MFS. The US giant MFS runs nearly £300 million in the sector.

  • Matterley
  • MFS
  • Liontrust
  • Majedie
  • Man Investments
  • Investec

Taking the silver rating is another mix of groups that vary in size. From Schroders who have the largest stable being assessed to Slater Investments, founded by Mark Slater who has nearly 20 years’ experience in the sector.

  • Schroders
  • Unicorn
  • RBS
  • Jupiter
  • Miton Group
  • Slater Investments
  • Aberdeen Asset Management

Ten fund groups step up to the podium with a bronze rating. There are 79 groups present in this competitive sector, with many investors looking for core exposure to talent in this space.

  • SVM Asset Management
  • Scottish Widows
  • Old Mutual Global Investors
  • AXA Investment Managers
  • BlackRock
  • St James's Place
  • Scottish Friendly
  • Neptune
  • GVO Investment Management
  • M&G

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