Best selectors in the Nordics

Institutional investors, fund selectors and representatives from seven international fund companies gathered in Stockholm on November 12 to celebrate and award excellence in fund- and manager selection at the sixth 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 Metropol Palais.

The methodology for the country specific awards and also for the Nordic Investment Consultancy of the year award has remained unchanged since start. This year 40 Nordic and international fund companies participated 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.

  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 setting the right expectations on selected funds/managers?

 

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 Capital, manager selection, headed by Malene Bason. We had a total of 18 teams in the category and the three with the highest average rating were:

Company / Head of team Total Rating
Danske Capital / Malene Bason (manager selection) 3.444
Danske Bank / Allan Møller (fund selection) 3.430
Nordea (external products) / Vesa Ollikainen 3.313

 

Finnish Fund Selection team of the year

The Finnish fund selection team of the year award was presented by Pictet Asset Management and the winning team was Aktia, headed by Antti Vesa. We had a total of 17 teams in the category and the three with the highest average rating were:

Company / Head of team Total Rating
Aktia / Antti Vesa 3.614
OP Wealth Management / Jussi Kärävä 3.520
KEVA / Maaria Eriksson 3.419

 

Norwegian Fund Selection team of the year

The Norwegian fund selection team of the year award was presented by Allianz Global Investors and the winning team was Storebrand Kapitalforvaltning, headed by Georg Skare Lund. We had a total of 14 teams in the category and the three with the highest average rating were:

Company / Head of team Total Rating
Storebrand Kapitalforvaltning / Georg Skare Lund 3.543
Norges Bank Investment Management / Erik Hilde 3.265
Gjensidige / Anders Kilanger 3.264

 

Swedish Fund Selection team of the year

The Swedish fund selection team of the year award was presented by BNY Mellon Investment Management and the winning team was Skandia Liv, headed by Per Lindgren. We had a total of 25 teams in the category and the three with the highest average rating were:

Company / Head of team Total Rating
Skandia Liv / Per Lindgren 3.628
SEB Wealth Management / Mikael Haglund 3.523
Länsförsäkringar Kapitalförvaltning / Anders Landström 3.403

 

Nordic Investment Consultancy of the year

The Nordic Investment Consultancy of the year award was presented by BMO Global Asset Management and the winning team was Wassum, headed by Magnus Danielsson. We had a total of 8 teams in the category and the three with the highest average rating were:

Company / Head of team Total Rating
Wassum / Magnus Danielsson 3.451
Grieg / Joachim Gellum 3.241
Agenta / Peter Agardh 3.164

 

Nordic Fund/Mandate Search of the year

This year we introduced a new category – the Nordic Mandate/Fund Search of the year award, presented by AXA Investment Managers. The winner was LD Pension for its EUR 890 million global equity search, which was completed on June 19, 2014. The award was accepted by Lars Wallberg, CFO at LD Pension.

The process to find the winner in this category differs from the country awards, as it has been more qualitative. Here we asked and received information from institutional investors and fund selection teams on 13 searches, completed between June 2014 and June 2015. From these, Tell Media Group, in co-operation with our event sponsors, picked three that should be consider further. For the three that were left the judging team considered: 1. How good/professional we perceive the selection process used by the team to be

  • How good the team is at communicating with throughout the selection process
  • How good the team is at setting the right expectations on selected funds/managers

 

Nordic Fund Selection Personality of the year

The Nordic Fund Selection Personality of the year award was presented by Legg Mason and the winner this year was Majdi Chammas, head of external management at Swedish AP1.

The methodology for this award also differs from the others, which are quantitative and based on an online survey of 40 Nordic and international fund companies. Here we asked these 40 fund companies to provide names for Tell Media Group to consider for the personality of the year award. Among those who received the most nominations we looked at the persons activity in social media, on external events, in traditional media and if they had done anything else during the year that stands out. Having completed that review, Tell Media Group stated:

”This year’s winner is looking at improvements beyond the selection process and is currently looking to find solutions on how to implement external managers in the most efficient way.”

Partners at the Nordic Fund Selection Awards 2015 were Allianz Global Investors, AXA Investment Managers, BMO Global AM, BNY Mellon AM, Columbia Threadneedle, Legg Mason and Pictet.

More detailed information from the Nordic Fund Selection Awards 2015, including all statistics, will be published in an awards supplement in December (distributed with Nordic Fund Selection Journal issue 06).