The RAGING BULLS SUMMIT AND AWARDS serves as a platform to provide the Financial and Investment Services industry with an opportunity to honor the leaders of the collective South African investment schemes industry. The annual RAGING BULL AWARDS celebrates the top performers across a range of sectors and acknowledges investment managers in terms of top outright performers, best risk-adjusted performers and the best unit trust management companies. The first Raging Bull Awards ceremony was held in 1997, with top performers awarded to the most consistent performers over three years.
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.