MutualFundWire.com: PMs For 12 Fund Firms Catch M*'s Eye

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Tuesday, January 12, 2016

PMs For 12 Fund Firms Catch M*'s Eye

12 mutual fund shops have ample cause to start ordering champagne this week ... but they'll have to wait another two weeks to see if they'll have cause to celebrate.

John Rekenthaler
Morningstar, Inc.
VP, Research

Yesterday Morningstar revealed 14 nominees, both individual PMs and teams, for its 2015 U.S. Fund Manager of the Year Awards. The five winners will be revealed on CNBC's "Power Lunch" program on January 26.

OppenheimerFunds [profile], T. Rowe Price [profile], and Vanguard [profile] each had two nominated teams, and nine other fund firms had one team nominated (with one team being nominated for funds from two shops).

Teams for 15 funds were nominated, and those teams include 30 named PMs. Combined, the nominated teams' funds have nearly $258 billion in AUM, an average of $16.1 billion per fund.

The nominees for allocation fund manager of the year are:

David Giroux for the $24.4-billion, five-star, gold-rated T. Rowe Price Capital Appreciation Fund; and

John Keogh and Michael Reckmeyer for the $40.8-billion, five-star, gold-rated Vanguard Wellesley Income Fund.

The nominees for alternatives fund manager of the year are:

Eric Connerly and Jay Feeney for the $7.0-billion, five-star, silver-rated Boston Partners Long/Short Research Fund [profile];

Guy Stern for the $9.0-billion, four-star, bronze-rated John Hancock Global Absolute Return Strategies Fund [profile]; and

Michael Roach, James Stetler, and James Troyer for the $751.5-million, four-star, bronze-rated Vanguard Market Neutral Fund.

The nominees for domestic-stock fund manager of the year are:

Damien Davis, Andrew Fones, Robert Hall, Kempton Ingersol, and Keith Lee for the $2.5-billion, five-star, gold-rated Brown Capital Management Small Company Fund [profile];

William Bell, Matthew Hereford, and Charles Reed for the $6.1-billion, four-star, silver-rated Eaton Vance Atlanta Capital SMID-Cap Fund [profile];

Michael Del Balso, Kathleen McCarragher, and Sig Segalas for the $25.3-billion, five-star, gold-rated Harbor Capital Appreciation Fund [profile] and the $3.3-billion, three-star, silver-rated Prudential Jennison Growth Fund [profile]; and

Brian Berghuis for the $24.6-billion, five-star, gold-rated T. Rowe Price Mid-Cap Growth Fund.

The nominees for fixed-income fund manager of the year are:

Jerome Schneider and team for the $13.7-billion, five star, silver-rated Pimco Short-Term Fund [profile]; and

Michael Buchanan, Carl Eichstaedt, Ken Leech, Mark Lindbloom and team for the $4.8-billion, five-star, silver-rated Western Asset Core Bond Fund [profile] and the $9.7-billion, five-star, silver-rated Western Asset Core Plus Bond Fund.

And the nominees for international-stock fund manager of the year are:

Robert Lovelace and team for the $56.1-billion, four-star, gold-rated American Funds New Perspective Fund [profile];

Rajeev Bhaman for the $9.3-billion, three-star, silver-rated Oppenheimer Global Fund; and

Robert Dunphy and George Evans for the $20.3-billion, five-star, silver-rated Oppenheimer International Growth Fund.