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Raging Bulls – Smaller companies challenge big players

The 24th edition of the Raging Bull Awards took place last week in Cape Town at the International Convention Centre. The annual ceremony celebrates the top performers across a range of sectors and acknowledges investment managers in terms of top outright performers, best risk-adjusted performers and the best unit trust management companies.

MiPlan, a small “boutique” asset management company based in Cape Town, won the coveted South African Manager of the Year trophy. Runners-up were Investec Asset Management in second place and Prescient in third place. Last year’s winner, Allan Gray, which has dominated the awards in recent years, slipped down to fourth position, while Alexander Forbes Investments was fifth.

“The recognition for MiPlan is not only significant in that a smaller house has out-performed its larger competitors across its fund range, but because the firm’s approach is not to chase alpha (high returns). All of its funds are managed to achieve a certain objective,” Patrick Cairns comments in a Moneyweb article. “Its MiPlan IP Beta Equity Fund aims to deliver a return only at least equal to the performance of the average local equity fund. Its multi-asset portfolios are targeted at outcomes linked to inflation. MiPlan is also explicitly focused on achieving these outcomes at low cost. The MiPlan IP Beta Equity Fund has an annual management fee of just 0.45%,” according to Cairns.

Click here to read the Moneyweb article that highlights how the industry has changed.

Click here to view all the winners.

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