Nuveen Fund Advisors and GuideStone Funds garnered the top group honors at the 2012 U.S. Lipper Fund Awards.

Nuveen nabbed Best Fund Group Overall-Large, while GuideStone got Best Fund Group Overall- Small.

“The Lipper Fund Awards are based on a rigorous methodology and this year’s winners have proven to be the best in producing consistent and superior results relative to their peers,” stated Jeff Tjornehoj, head of Lipper Americas Research.

“Having earned this recognition during a period of significant sustained market volatility is a testament to the performance derived from Nuveen’s multi-boutique model and how this approach is well suited to serving our investors over the long term,” stated Thomas Schreier, Nuveen Investments’ Vice Chairman, Wealth Management. “Our clients’ needs are diverse and growing increasingly more complex.”

Meanwhile, GuideStone is a provider of retirement, insurance, investment management, and executive planning products and services to the evangelical Christian community. Its clients include churches, ministries, hospitals, educational institutions and other organizations. It manages over $10.3 billion of assets in 27 funds according to Biblically based, social screening guidelines.

“People often think that they have to compromise Biblical integrity for investment performance,” stated Roddy Cummins, vice president and chief investment officer of GuideStone Funds. “We are dispelling that myth, which is evidenced by the Lipper trophy.”

Other funds that won group awards include:

  1. Thornburg Investment Management, Inc. for Best Fixed Income Group- Large
  2. Marshall & Ilsley, of M&I Investment Management Corporation, for Best Fixed Income Fund Group- Small
  3. PIMCO for Best Equity Fund Group- Large
  4. Hotchkis & Wiley Capital Management, LLC for Best Equity Fund Group- Small
  5. John Hancock Group for Best Mixed Assets Group- Large
  6. Delaware Management Company for Best Mixed Assets Group- Small

The awards take into account at least 36 months of performance history as of the end of the calendar year of the respective year of evaluation. Overall group awards are given to the group with the lowest average decile ranking of its respective asset class results. In addition to the group honors, Lipper also presented 35 individual fund awards as well.
Tommy Fernandez writes for Money Management Executive.