20th anniversary Raging Bull Awards

The Oscars of the unit trust industry, the Raging Bull Awards, celebrate their 20th anniversary this year, and to mark the occasion two special awards will be made in addition to the 10 coveted awards.

The event is hosted by Personal Finance, a publication of Independent Media, in conjunction with data-provider partners ProfileData and PlexCrown Fund Ratings.

The special awards will be made to the unit trust company with the top-performing South African general equity fund over three years and the top-performing South African multi-asset equity fund on a risk-adjusted basis over five years.

Dr Daniel Matjila, the chief executive officer of the Public Investment Corporation (PIC), will address this year’s event at the Rotunda at The Bay Hotel in Camps Bay. Dr Matjila will consider the trends in the investment industry over the past 10 years.

More than 300 representatives of leading unit trust companies, boutique managers, financial services regulators and investment industry bodies attend the annual event.

Each year 10 Raging Bull Awards are awarded. The most coveted award, for the South African Management Company of the Year, is made on the basis of an average PlexCrown Fund Rating that measures risk-adjusted returns and consistency of performance across all of a manager’s qualifying funds for periods up to five years.

This award has been won by Coronation six times – three times in a row – but the winner of this year’s award for performance to the end of last year will be revealed only on Wednesday night.

Certificates are awarded to the runners-up in second and third place in the domestic management company rankings. Last year, the runners up were PSG and Nedgroup Investments. The performance of these investment houses’ funds over the year to December last year will determine how their relative ratings have changed.

There is also a Raging Bull Award for the Offshore Management Company of the Year for the manager with the best average risk-adjusted performance rating for its foreign-currency funds. These funds are domiciled outside of South Africa but have been approved by the Financial Services Board (FSB) suitable for South African investors.

Four other awards are made on the basis of outright (straight) performance over three years in the South African equity general sector, the South African interest-bearing sector (the interest-bearing short-term and variable-term sub-categories and the multi-asset income sub-category), the (rand-denominated) global equity general sector and the offshore global equity sector (foreign-domiciled funds approved by the FSB).

Four awards are made on the basis of risk-adjusted returns, as measured by the PlexCrown ratings, over periods up to five years. These awards are for the best funds in the South African equity general sub-category, the South African multi-asset flexible sub-category, the broader South African multi-asset category (low-, medium- and high-equity sub-categories) and the offshore global asset allocation sector.

Attendance at Wednesday night’s event is through bookings only and the event is fully booked.

Details of all the award and certificate winners, as well as interviews with all the winners, will be published in this Saturday’s edition of Personal Finance in the Weekend Argus, the Saturday Star, the Pretoria News Weekend and the Independent on Saturday.

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