Morningstar announced its Fund Manager of the Year Awards, with the top honors going to portfolio managers at Fidelity Investments, Artisan and Tweedy, Browne.
The Domestic Stock Fund Manager of the Year are the managers of the Artisan Mid Cap Value, Artisan Small Cap Value and Artisan Value funds: Scott Satterwhite, James Kieffer and George Sertl.
The International Stock Fund Manager of the Year Award goes to the four co-managers of the Tweedy, Browne Global Value Fund: William Browne, John Spears, Tom Shrager and Bob Wykoff.
The U.S. Fixed Income Fund Manager of the Year is John Carlson of the Fidelity New Markets Income Fund.
“2011 posed challenges for managers throughout the fund industry,” said Karen Dolan, director of mutual fund analysis for Morningstar. “The sluggishness of the U.S. market made it tough to carve out respectable returns, and macroeconomic problems plagued foreign markets. The bond market proved to be tricky, as few foresaw the Treasury bond market rally that dominated the year’s performance charts.
“Despite these conditions, our 2011 winning managers relied on experience and sound strategies to deliver impressive results to shareholders for the year as well as over the long term," she added.
Morningstar fixed-income specialist Eric Jacobson said of the Fixed-Income Manager of the Year John Carlson: “Carlson has been skippering this portfolio since 1995, making him among the category’s most senior and experienced leaders, with several emerging markets crises under his belt. He’s been among the most successful. Carlson has been emphatic about sticking with his discipline over the years—and it paid off in 2011 when, contrary to most peer investors, he cut the fund’s non-dollar and corporate exposures and increased exposure to long-dated dollar-denominated debt.”
Lee Barney writes for Money Management Executive.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access