Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Where are they now? Tracking down global equity’s consistency stars

They were global equity’s endurance elite between 2005 and 2010. Here Citywire Global returns to see how these managers have performed two and a half years on.

Most consistent managers of 2005-2010

In April 2010, Citywire Global took a closer look at the global equity managers who had consistently outperformed their peers over the previous five years.

Re-visiting this list two and a half years on, the landscape has changed and some managers have struggled to recapture their past performance.

To give an idea of the changing dynamics in the global equity sector, when the analysis was carried out in April 2010 there were 410 managers with a five year track record. That figure is now 562.

This updated list excludes the UK-only offerings run by Julian Lewis, Stephen Docherty, Toby Ricketts and Robin Hepworth.

Here we bring you bang up to speed with the top managers from last time out.

Note: Updated performance charts cover the period May 2010 to July 2012 and are mapped against the current Citywire allocated benchmark.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

ARIQON Wachstum T

Manager: Stefan Ferstl

  • 2005 to 2010 returns: 10.54%
  • 2010 to July 2012 returns: -5.06%

First on our refresher list is Stefan Ferstl, who is still running the fund he took over from Michael Hanak in February 2008. The Austrian-domiciled fund invests across the cap range and is based on a momentum strategy.

Hit badly over the summer of 2011, the fund fell below its benchmark and has remained in negative territory since May of last year.

Operating on a fund-of-funds basis, the ARIQON fund currently has its largest weighting towards North American equity funds.

Its two largest positions are comprised of two passive strategies, the AXA Rosenberg Enhanced Index and the Lyxor ETF Dow Jones.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

DWS Global Value, DWS Invest Global Value, DWS Top Dividende

Manager: Thomas Schüssler

  • 2005 to 2010 returns: 24.81%
  • 2010 to July 2012 returns: 9.85%

Acknowledged last time out for his performance across three portfolios, DWS’ Thomas Schüssler is now at the helm of just one of the funds, the DWS Top Dividend fund. The two Global Value funds were taken on by Peter Steffen in December 2011.

Looking broadly at the performance of the three value-driven strategies, all three remain in positive territory. However, they slightly trail the MSCI Global Value index over this period.

The former Citywire AA-rated manager retains control of the €8.1 billion DWS Top Dividende fund and has over two-thirds of its assets in super large-cap companies, those with a market cap greater than €10 billion, with consumer staples being his top sector allocation.

Speaking to Citywire Global last month, Schüssler said it was now a good time to take a look at cyclical stocks again.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Green Effects – NAI Werte Fonds

Manager: Richard Power

  • 2010 returns: 30.19%
  • 2010 to July 2012 returns: -8.58%

SRI specialist Richard Power of Dolmen Securities is another manager to have suffered over the summer of 2011. This period saw his concentrated 30-stock portfolio trail its benchmark by around 20% on average and remains in negative territory at the end of the analysis period.

Investing in a range of socially or environmentally-focused companies, Power has a diverse country allocation with his largest exposure being to companies in North America, central Europe and Japan.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

PF(LUX)-Water

Manager: Hans Peter Portner

  • 2005 to 2010 returns: 38.91% (combined with PF(LUX)-Global Megatrend Selection)
  • 2010 to July 2012 returns: 25.56%

The first of two entries on this list for Pictet’s Hans Peter Portner is for the performance on the thematic fund, the PF(LUX)-Water fund. This €2.34 billion fund invests across the water supply chain and, as at the end of July 2012, holds 58 positions.

Like all the other funds on this list, the performance of the Pictet-Water fund was hamstrung by the equity market drop last summer. However, the specialist strategy is the only fund on our countdown to have outperformed its benchmark over the analysis period.

Portner, who has now run the strategy for 12 years, was joined on the fund by Philippe Rohner in 2002 and Arnaud Bisschop in February 2009.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

PF(LUX)-Global Megatrend Selection

Manager: Hans Peter Portner

  • 2005 to 2010 returns: 38.91% (combined with PF(LUX)-Water fund)
  • 2010 to July 2012 returns: 6.67%

Portner’s second fund on this list ended the analysis period in positive territory but could not better the return of its benchmark, the FTSE World EUR. It was launched in October 2008 in order to capture wider macro trends.

It invests across a wide range of sectors from water, timber, clean energy, security, biotech, digital communications and premium brands.

The global mega trends strategy of the fund was slightly altered in May 2009 following the launch of Pictet’s PF(LUX)-Agriculture fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Oddo Opportunites Monde

Manager: Vincent Lequertier

  • 2005 to 2010 returns: 76.39%
  • 2010 to July 2012 returns: 2.23%

Last time’s highest returning of the most consistent managers, Vincent Lequertier is the only manager on the list to have left the firm where they achieved their outperformance.

The former Oddo Asset Management manager joined French boutique Somangest at the start of 2012 and oversees their long/short fund Somabsolut. He had served as lead manager on the Oddo Opportunites fund since October 2002.

The former Euro Stars AA-rated manager revealed to Citywire Global in the summer of last year how he had allocated over 50% of his fund to the technology sector due to the long-term potential in this market.

The fund was taken over by Mirela Agache and Armel Coville following Lequertier’s departure. It has returned 2% in the two-and-a-half year analysis period but over this time its Citywire benchmark, the MSCI World TR, has risen 19.95% in euro terms.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Hans Peter Portner
Hans Peter Portner
160/1118 in Equity - Global Equities (Performance over 3 years) Average Total Return: 62.65%
Richard Power
Richard Power
281/1118 in Equity - Global Equities (Performance over 3 years) Average Total Return: 57.03%
Peter Steffen
Peter Steffen
162/1118 in Equity - Global Equities (Performance over 3 years) Average Total Return: 62.48%
Stefan Ferstl
Stefan Ferstl
1036/1118 in Equity - Global Equities (Performance over 3 years) Average Total Return: 24.61%
Arnaud Bisschop
Arnaud Bisschop
47/71 in Equity - Global Themes (Performance over 3 years) Average Total Return: 39.87%
Philippe Rohner
Philippe Rohner
46/71 in Equity - Global Themes (Performance over 3 years) Average Total Return: 39.87%
Thomas Schüssler
Thomas Schüssler
60/86 in Equity - Global Equity Income (Performance over 3 years) Average Total Return: 39.88%
Vincent Lequertier
Vincent Lequertier
Mirella Agache
Mirella Agache
Events
  • Citywire Zurich

    Citywire Zurich

  • Citywire Deutschland

    Citywire Deutschland

  • Citywire Singapore

    Citywire Singapore

  • Citywire Maastricht 2013

    Citywire Maastricht 2013

  • Citywire Stockholm

    Citywire Stockholm

  • Citywire Montreux 2013

    Citywire Montreux 2013

  • Citywire Hong Kong

    Citywire Hong Kong

  • Citywire Zurich

    Citywire Zurich

  • Citywire Deutschland

    Citywire Deutschland

  • Citywire Monreux 2013

    Citywire Monreux 2013

  • Citywire Montreux 2013

    Citywire Montreux 2013

  • Citywire Singapore 2013

    Citywire Singapore 2013

  • Citywire Singapore 2013

    Citywire Singapore 2013