Best fund selectors in the Nordics 2016

Institutional investors, fund selectors and representatives from seven international fund companies gathered in Stockholm on November 10 to celebrate and award excellence in fund- and manager selection at the seventh annual Nordic Fund Selection Awards. Tell Media Group introduced the Nordic Fund Selection Awards in 2010 in an effort to highlight the importance of the fund selection profession and to create a platform for benchmarking and feedback from fund companies to Nordic selectors.

This year’s winners, highlighted below, were announced at a gala dinner at the Royal Coin Cabinet.

The methodology for the country specific awards and also for the Nordic Investment Consultancy of the year award remained largely unchanged. Fund companies were still asked to participate in an online survey where they submitted ratings on Nordic selection teams across four themes (outlined below). Ratings were given on a scale of 1-5 with 5 being the best. The team with the highest average rating was announced as the winner. The increased focus on ESG integration among institutional investors and fund selection teams in the Nordic region was now also part of the survey. The four themes this year were therefore:

  1. How important is the team (in terms of potential asset flows & brand)?
  2. How good (professional) do you perceive the selection process used by the team to be?
  3. How good is the team at communicating with you throughout the selection process?
  4. How good is the team at integrating ESG considerations in the selection process?

The methodology for the mandate/fund search of the year award and the personality of the year award are more qualitative where Tell Media Group, with input from the industry, decides on the winner.

 

Danish fund selection team of the year

The Danish fund selection team of the year award was presented by Columbia Threadneedle and the winning team was Danske Bank. We had a total of 16 teams in this category and the three with the highest average rating were:

Danske Bank / Malene Bason 3.255
Nordea (external products) / Anders Bertramsen 3.235
Nykredit Asset Management / Ulla Agesen 3.230

 

Finnish fund selection team of the year

The Finnish fund selection team of the year award was presented by American Century Investments and the winning team was Varma. We had a total of 15 teams in this category and the three with the highest average rating were:

Varma / Anniina Isomäki 3.269
Aktia / Antti Vesa 3.228
KEVA / Maaria Eriksson 3.183

 

Norwegian fund selection team of the year

The Norwegian fund selection team of the year award was presented by Legg Mason and the winning team was Storebrand Asset Management. We had a total of 14 teams in this category and the three with the highest average rating were:

Storebrand / Georg Skare Lund 3.395
DNB / Fredrik Wilander 3.333
Norges Bank / Erik Hilde 3.201

 

Swedish fund selection team of the year

The Swedish fund selection team of the year award was presented by T. Rowe Price and the winning team was Länsförsäkringar Kapitalförvaltning. We had a total of 24 teams in this category and the three with the highest average rating were:

Länsförsäkringar Kapitalförvaltning / Anders Landström 3.429
AP3 / Claudia Stanghellini 3.413
Skandia / Per Lindgren 3.404

 

Nordic Investment Consultancy of the year

The Nordic Investment Consultancy of the year award was presented by BNY Mellon Investment Management and the winning team was Wassum. We had a total of 8 teams in this category and the three with the highest average rating were:

Wassum / Magnus Danielsson 3.321
Agenta / Peter Agardh 3.106
Mercer / Annabell Siem Mathiesen 3.090

                 

Nordic mandate/fund search of the year

The Nordic Mandate/fund search of the year award was presented by AXA Investment Managers and the winner was Länsförsäkringar Fondförvaltning for its SEK 7.6 billion global ESG equity mandate search, which was completed in May 2016.

For this award we received nominations from fund companies as well as directly from institutional investors and fund selection teams about searches completed between June 2015 and June 2016. From these, Tell Media Group, in cooperation with our event sponsors, voted for which search should receive this year’s Award considering factors such as:

  • How significant is this search/mandate?
  • How topical is this search/mandate?
  • How good/professional do you perceive the selection process used by the team to be?
  • How good is the team at communicating with you throughout the selection process?

 

Fund Selection Personality of the year

The Nordic Fund Selection Personality of the year was presented by Jupiter and the winner was Jussi Kärävä, head of fund selection at OP Wealth Management in Finland.

The methodology for this award also differs from the others, which are quantitative and based on an online survey of close to 40 Nordic and international fund companies. The 40 fund companies were asked to provide names for Tell Media Group to consider for the personality of the year award. Having completed that review, Tell Media Group stated: “In the current market environment, this year’s winner is looking broadly to find alternative ways to replace the low yielding part of portfolios. He is open, curious and knowledgeable.”

 

Partners at the Nordic Fund Selection Awards 2016 were American Century Investments, AXA Investment Managers, BNY Mellon Investment Management, Columbia Threadneedle, Jupiter, Legg Mason and T.Rowe Price.

More detailed information from the Nordic Fund Selection Awards 2016, including all statistics, will be published in an awards supplement in December (distributed with Nordic Fund Selection Journal issue 06 and FBNW subscribers will be able to find a PDF version here).