The Raging Bull Awards were established to honour the managers of funds that consistently earn good returns for South African retail investors.
For 21 years this evergreen event has honoured those who have delivered the best for investors in the asset management industry’s unit trust sector.
The event is hosted each year by Personal Finance, ProfileData and PlexCrown Fund Ratings.
Eight awards are given to the top-performing funds in the unit trust sectors that attract the most money from investors; these funds include foreign-domiciled funds that have been approved by the Financial Services Board (FSB) as suitable for South African investors.
Four of these eight awards are made on the basis of outright (straight) performance over the past three years; the other four awards are made on the basis of risk-adjusted performance as measured by the PlexCrown ratings, which take into account the consistency of performance over periods up to five years.
The most coveted award, for the South African Management Company of the Year, is made on the basis of an average PlexCrown rating that measures risk-adjusted returns and consistency of performance across all of a manager’s qualifying funds for periods up to five years. Certificates are awarded to the runners-up in second and third place in the domestic management company rankings.
There is a Raging Bull Award for the Offshore Management Company of the Year. The award is made on the basis of a manager’s average PlexCrown rating for the management of foreign-currency funds domiciled outside of South Africa but which the FSB has approved as suitable for South African investors.
The 21st annual awards dinner, celebrating performance to the end of 2016, was held on 25 January 2017.