Morningstar Names 2002 Managers of the Year
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, January 02, 2003

Morningstar Names 2002 Managers of the Year

Get ready for new marketing campaigns from Fidelity, Julius Baer and Dodge & Cox. The three fund advisors each can claim one of its own as a recipient of Morningstar's Manager of the Year Award. The Chicago-based fund tracker's editorial staff selects the awards annually.

Joel Tillinghast, portfolio manager of Fidelity Low-Priced Stock won the award as the best manager of a domestic stock fund. The kudos came despite a year that saw his $15 billion fund drop 6.2 percent in value. Morningstar explained that Tillinghast was awarded the honor based on his consistent long-term results, not just his 2002 results. Tillinghast was runner up to Bill Nygren manager of the Oakmark Select Fund for the 2001 award.

Another pair of runner-ups from 2001 took home the top honors in 2002. Rudolph-Riad Younes and Richard Pell won the international stock manager award for their performance at the helm of Julius Baer International Equity a year after placing second to Jean-Marie Eveillard and Charles de Vaulx of the First Eagle SoGen Global. The Julius Baer fund lost a little more than 4 percent in 2002, but still placed in the top five percent of all international funds, according to Morningstar. Over the past five years it ranks as the sixth best performing international equity fund.

Finally, Morningstar's editors also looked at the long-run track record of the Dodge & Cox Income fund when awarding that fund's managers the award for fixed income. The fund is team managed by James Dignan, Thomas Dugan, Dana Emery, John Gunn, Jeffrey Klein, Peter Lambert, Charles Pohl, Kent Radspinner, Larissa Roesch, A. Horton Shapiro, and Robert Thompson. It has topped its peer group for every rolling 12-month period over the past 10 years. The 2001 winner in the category was Bob Rodriguez of FPA New Income and the runner up was Margie Patel of Pioneer High-Yield.

Printed from:

Copyright 2003, InvestmentWires, Inc.
All Rights Reserved
Back to Top