Standard Life Investments’ Thomas Moore has made it a hat-trick of table-topping appearances in The Herald’s Citywire table of best-performing fund managers in houses with a significant Scottish presence.
The manager of SLI’s £1billion UK Equity Income Unconstrained fund has climbed to a heady 21st place in the table of 4277 managers Europe-wide with a Citywire rating, for three-year performance to the end of August. His fund, however, did see its relative performance slip slightly in the subsequent month, according to Lipper figures for ILP Moneyfacts.
Intriguingly, in a month which saw the big market correction, Scottish managers sparkled, with the top 19 all grabbing coveted AAA ratings – compared with seven in the February table. Nine managers made the top 200 places.
Behind Mr Moore and ranked 88 is Audrey Ryan of Kames Capital, manager of its UK Opportunities and two ethical funds. The £500m ethical equity fund was among those consistently recommended by advisers in coverage of this week's ‘Good Money Week’.
Peter Saacke, who runs European and global growth funds at Artemis, moves up into third place with an overall ranking of 115. Artemis has just reported record profits of over £100million, with the pool for its 32 partners jumping from £18m to £40m in two years. Mr Saacke’s colleague Jacob de Tusch-Lec, manager of the £2.4bn global income fund and a past table leader, is in sixth place ranked 130.
The Artemis pair are split by Standard Life Investment duo Jacqueline Lowe and Iain McLeod, who run the Dynamic Distribution fund.
Sashi Reddy at First State, who made his first appearance in the table last month, is next at 140 followed by Colette Conboy at SLI.
The last two places in the top 10 are taken by Franklin Templeton’s UK equity managers Ben Russon and Richard Bullas.
The other AAA-rated managers include three at Artemis (Tim Steer, Phlip Wolstencroft and James Foster), three at SLI/Ignis (Caspar Trenchard, Lesley Duncan and Henry Flockhart) Colin Morton at Franklin, Iain Buckle at Kames, and Colin McLean at SVM, manager of two Scottish Friendly funds. His co-manager of SVM Growth, partner Margaret Lawson, completes the top 20 at 437 overall, and tops the roll-call of 20 AA-rated managers.
Baillie Gifford sees four new entries to the table, and lose two, giving it 16 overall, behind SLI on 20 (up from 18) and Franklin Templeton well ahead on 26, down one. Artemis goes up from 11 to 14 managers, with Aberdeen, Kames and First State all on 11.
Among the boutiques, SVM has four places, Argonaut two, and Saracen, Martin Currie, McInroy & Wood , Edinburgh Partners, Aubrey Capital and Cornelian all have one manager in the table.
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