New entries, old faces and solid outperformance. Citywire Global runs down the leading lights in our cross sector manager analysis.
10. Taeko Setaishi
Sector: Equity Japan
Kicking off our latest round-up of outperformers is Taeko Setaishi. This is the first time she's won a place on the list, and her place is based on her work on the Atlantis Japan Opportunities fund. The $14.9 million fund was launched in October of 2003.
According to the November fund factsheet, Sataishi said she is contending with slowing market conditions and weak exports but believes a lot of the negatives have now been discounted.
Her main areas of investment are real estate (14%), retail (13%) and services (12%), according to the fund’s sector breakdown.
Note: Performance is calculated in relation to the average manager in the sector over the same 12 month period. This covers October 2011 to October 2012.
Sector: Equity Sector Basic Industries
Christoph Butz and Gabriel Micheli debut in our list of the biggest outperformers this time around, having beaten the average manager in the sector by 19.45%.
The pair recently topped Citywire’s analysis of the best performing basic industries funds over the past three years. The duo has half of its fund invested in the US market and have co-run the €321 million fund since September 2008.
The Pictet-Timber-I fund invests at least two-thirds of its assets in companies operating in the financing, plantation and management of forests and the processing, production and distribution of timber. The fund has a worldwide remit.
8. Mark Martin
Fund: Neptune UK Mid Cap
Sector: Equity UK Small and Mid Cap
Former solicitor and Oxford classics graduate Mark Martin makes his debut in our one-year snapshot.
His largest sector exposure at present is in healthcare, which makes a quarter of the €47 million portfolio. Recent additions have been in the housing sector, where Martin sees strong management quality and underappreciated fundamentals.
Mark employs a ‘growth at a reasonable price’ investment strategy within his small and mid-cap universe, focusing on growth, defensive growth, cyclical growth and value stocks. He incorporates a top-down view into the portfolio without the tactical use of cash or derivatives.
Sector: Mixed Asset EUR Flex - Global
Frank Fischer last won a mention for his performance on this fund back in May, when his 22% outperformance again saw him take the number seven spot.
In our July update he again put in an appearance, this time for his performance on the Frankfurter Aktienfonds fuer Stiftungen fund.
Fischer seeks out companies that boast an 'economic moat' that sets them apart from their rivals, and has previously said Europe's beaten-up banks offer good value.
Sector: Equity Europe
Euro Stars A-rated Alexander Darwall slips from third place to sixth in our latest update. However, his longer-term performance remains highly impressive, and we recently highlighed him as one of the three best performing managers over the past three years in the European equity sector.
His largest positions at present are in Swiss basic materials name Syngenta (7%), German healthcare firm Fresenius (6.7%) and Danish health and pharma giant Novo Nordisk (5.8%). This is with almost a quarter of the fund invested in UK listed or UK based names.
Fund: H2O Multibonds IE
Sector: Bond Global
Bruno Crastes again claims the number-five spot, unchanged from our October update. Crastes is included on the strength of the relatively new H2O Multibonds fund, which was launched in August 2010
Crastes was noted recently by Citywire for his cautionary words on France, which he saw as the major risk to Europe as a whole. He was subsequently somewhat vindicated when the country saw its credit rating downgraded.
The fund manager has a fairly broad mandate for investment and can move between sovereign bonds, investment grade credit and the high yield market in order to find holdings.
4. Devan Kaloo
Sector: Equity Global Sm&Mid Cap
Devan Kaloo first made an appearance in our one-year snapshot in October's update, where he was 10th-placed. The emerging market veteran is top of the small and mid-cap managers in the global equity sector for his performance on the $314 million fund.
Once again acknowledged for his work on the Danske Invest mandate, Kaloo has a large weighting towards financials (23.5%) and consumer staples (20.7%). This is while Brazil, South Africa and Thailand make up the three largest country allocations in the portfolio.
3. Eric Kibe
Sector: Equity Emerging Mkts Other
Eric Kibe takes us into the top three this time around, having placed seventh last time. Kibe has run the $36 million emerging market fund since its launch as a Ucits vehicle in January 2009 and overseen a strong return in the Africa-focused fund.
Operating a contrarian, value-driven approach, Kibe said he has benefited from exposure to Egypt, Kenya and Nigeria at times of particular political and economic upheaval.
2. Rory Dickson
Fund: CC Asian Evolution
Sector: Equity Asia Pacific Ex Japan
Rory Dickson takes silver this time, having beaten the average manager in the sector by an impressive 23.74%. Dickson has 16 years' experience in Asian equities, and joined Coupland Cardiff Asset Management in 2010.
The CC Asian Evolution fund offers investors concentrated exposure to the Asian Consumer sector with a portfolio of between 20 and 40 stocks. According to the October factsheet the fund's biggest sector holdings are in retail (34% of the fund), food (16%) and cash/other (15%).
Dickson's performance earned him sixth place in our September 2011 round-up.
1. Petri Deryng
Fund: PYN Elite
Sector: Equity Emerging Mkts Asia
Retaining his crown in this month’s analysis is Petri Deryng of PYN. Deryng also claimed third place in the rankings back in July.
The Finnish manager set up the investment boutique in 1999 with a particular focus on the emerging Asian equity market. This was in the wake of the Asian market financial collapse two years earlier, which Deryng looked to capitalise on.