], and Morningstar
were among the big winners last night at a midtown Manhattan awards show for fundsters.
for the 22nd annual Mutual Fund Industry Awards
dinner at the Mandarin Oriental at Columbus Circle in New York City. Winners included
a dozen mutual fund shops, plus other industry insiders from law firms, retirement plan providers, broker-dealers, and other players in the mutual fund business. One fundster attendee estimated that 500 people showed up for the black tie event.
This is the first MFIA dinner since London-based Pageant Media bought
four Institutional Investor publications in the fall. Fund Action
and Fund Directions
, two of the publications Pageant bought in the deal, organize the MFIA celebration.
Vanguard took home two awards. Martha King
, head of U.S. financial intermediaries for the low-cost mutual fund titan, was recognized as "fund leader of the year," while Vanguard as a whole was named "retirement leader of the year."
A prominent Vanguard alumnus, former chief investment officer Gus Sauter
, received one of two lifetime achievement awards. The other went to Stephen Lewis
, who spent
12 years as a director for the Columbia Funds
], including nearly eight as the chairman of the board.
Vanguard wasn't the only 401(k) player lauded last night. Jimmy Owen
, senior vice president of the consulting group in LPL's
retirement parters group, was named one of 13 "rising stars." And Great-West Financial
beat out two other nominees to win "deal of the year" for buying the bulk J.P. Morgan's
retirement plan services unit. Great-West merged its own retirement business with that of its mutual fund shop sibling, Putnam
]. Combined with the JPM RPS business, the giant retirement plan provider became Empower in the fall.
"It's a nice tribute and testament to the Great-West Financial organization and all the people who worked so hard on putting this deal together," Ed Murphy
, president of Empower Retirement, tells MFWire
, chief of both Putnam and Great-West, stated that the three-way merger and rebranding that created Empower "creates a unique, results-oriented approach with deep, broad-based resources, designed to ultimately help raise the level of retirement preparedness in the United States." Empower has 7.3 million defined contribution participants, serves $435 billion in assets, and works with 401(k)s of all sizes, 403(b)s, 457s, and private-label recordkeeping clients.
won two awards. The mutual fund ratings titan landed in the "hall of fame," and passive funds research director Ben Johnson
was recognized as a "rising star."
Other top award winners included:
Bob Cunha, managing director of marketing and distribution strategy for Eaton Vance [profile], won "fund marketer of the year";
J.P. Morgan Funds [profile] won "sales success of the year" for its active fund lineup;
John Hancock [profile] landed in the "hall of fame";
Virtus [profile] also landed in the "hall of fame";
Sidney Harris, independent chairman for the RidgeWorth Funds [profile], won "trustee of the year";
Bradden Backer, independent chairman of the the Wintergreen Fund [profile], won "small board trustee"; and
Marco Adelfio, partner at Goodwin Procter, won independent counsel of the year.
The 11 others recognized as "rising stars" were:
Thomas Bogle and Allison Fumai, both of Dechert;
Ndenisarya Bregasi of K&L Gates;
Gerard Connors of BNY Mellon [profile];
Bo Howell of Ultimus Fund Solutions;
Caroline Kraus of Goldman Sachs [profile];
Damian McIntyre of Federated Investors [profile];
Rich Schulitz of MassMutual [profile];
Nathaniel Segal of Vedder Price;
Chris Yeomans of Strategic Insight; and
Jason Wolf of Third Avenue Management [profile].
Stay ahead of the news ... Sign up for our email alerts now