PMs at Mairs & Power
], T. Rowe Price
] and Virtus
] are celebrating today. This afternoon Morningstar revealed
its 2012 fund managers of the year in five categories, including the two brand new categories for alternatives and allocation products.
In the domestic-stock category, M* crowned Bill Frels
and Mark Henneman
of the Mairs & Power Growth Fund
, a five-star, silver-rated
large blend mutual fund with $2.6 billion in assets. Frels and Henneman beat out nominees
from American Funds, Fidelity and Harris Associates, including 2001 winner Bill Nygren.
— PM of the five-star, silver-rated
, $1.3-billion Virtus Foreign Opportunities Fund
and the five-star, silver-rated
, $6.8-billion Virtus Emerging Markets Opportunities Fund
— won in the international-stock category. He beat out nominees
from Artisan and OppenheimerFunds.
Though Bill Gross
didn't win one of the five awards (indeed, he wasn't even nominated), fellow Pimco PM Mark Kiesel
did win, for his work helming the five-star, silver-rated
, $10.2-billion Pimco Investment Grade Corporate Bond Fund
. M* picked Kiesel over nominees
from Brandywine, Loomis Sayles, TCW's MetWest and Scout.
, Larry Eiben
, Kevin Gates
, Richard Gates
, Yan Liu
and Eric Newman
won M*'s first ever alternatives fund manager of the year award, for PMing the five-star, gold-rated
, $1.8-billion TFS Market Neutral Fund
. They beat out nominees
from Calamos and MainStay.
And in the brand new allocation category winner was David Giroux
. Giroux PMs the five-star, gold-rated
, $13.7-billion T. Rowe Price Capital Appreciation Fund
. He beat out another nominee
from T. Rowe, as well as nominees from Dodge and Cox, J.P. Morgan and Pimco.
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