Morningstar Fund Manager of the Year Winners
Tyndall Investment Management have taken out the top award as the Morningstar Fund Manager of the Year 2007.
Tuesday, May 6th 2008, 4:33PM
Morningstar uses both qualitative research and analysis of fund managers' risk-adjusted performance when determining the winners and finalists in the Morningstar Fund Manager of the Year Awards. The winner is the fund manager which maintained the highest overall level of funds management excellence during calendar 2007.
Morningstar Fund Manager of the Year 2007 – Tyndall Investment Management
The Morningstar Fund Manager of the Year 2007 is Tyndall Investment Management. Tyndall has
combined a great year in 2007, excellent longer-term risk-adjusted performance, and high-quality people
and processes to take out the top award. As well as winning the award for International Equities, special
mention should go to the New Zealand equities team, especially in its management of smaller companies,
which had a very good year when others faltered. Long the quiet achiever of the New Zealand funds
management industry, we fully expect Tyndall to maintain impressive outcomes for investors in its funds.
Morningstar Domestic Equities Fund Manager of the Year 2007 – Brook Asset Management
The Morningstar Domestic Equities Fund Manager of the Year 2007 is Brook Asset Management.
Brook has a superb track record in New Zealand shares investing, the envy of its competitors and a credit
to the shop's resources and the talented leadership of Simon Botherway and Paul Glass. Brook has
continued to go from strength to strength in the generation of outstanding performance for its share
fund investors, and 2007 was another great year.
Morningstar Fixed Interest Fund Manager of the Year 2007 – ASB Group Investments
The Morningstar Fixed Interest Fund Manager of the Year 2007 is ASB Group Investments. ASB has
multiple approaches to fixed interest investing, all of which had standout years in 2007 and continue to
produce top-notch results. The passively-managed ASB World Fixed Interest Fund was one of the topperforming
global fixed interest strategies last year, demonstrating the value of a low-cost index style in
the asset class. And the active management by Colonial First State under the Sovereign banner in turbulent
credit market conditions illustrates the importance of a prudently-managed, well-diversified approach.
Morningstar International Equities Fund Manager of the Year 2007 – Tyndall Investment
Management
The Morningstar International Equities Fund Manager of the Year 2007 is Capital International, distributed
in New Zealand through Tyndall Investment Management. Capital's reputation for forging its own path
in global shares investing and paying little adherence to market speculation continues to pay off for local
investors. The multi-portfolio manager approach and Capital's seasoned and stable investment team has
led to one of the best long-term performance records in the market, making Tyndall a worthy winner of
the award for international equities for 2007.
Morningstar Multi-Sector Fund Manager of the Year 2007 – Tower Managed Funds
The Morningstar Multi-Sector Fund Manager of the Year 2007 is Tower Managed Funds. A finalist in
this category last year, Tower took out the honours for 2007 largely on the back of shrewd tactical asset
allocation decision-making and consistent performance over the middle years of this decade. Overweights
to global bonds and New Zealand property in 2007 also helped Tower deliver a first-rate achievement for
investors in its multi-sector funds in challenging market conditions.
Morningstar Property Fund Manager of the Year 2007 – AMP Capital Investors
The Morningstar Property Fund Manager of the Year 2007 is AMP Capital Investors. AMP has established
itself as one of New Zealand's pre-eminent property fund managers, the calibre of its people and depth of
resources enabling the firm's property funds to best the majority of peers with below-average volatility.
The listed exposure enabled AMP to achieve double-digit growth earlier in the decade, while the
unlisted exposures have more recently helped the firm hold up returns to investors in its property funds.
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