Global investment research company Vadevalor has published the findings of its latest bi-annual review of fund manager ratings.
In its latest update, boutique asset manager Downing has seen another two of its managers joining the Vadevalor throng, with Anthony Eaton and Mike Clements both rated AAA, the highest rating awarded by the firm.
Vadevalor concentrates on the Spanish and UK markets, although is planning to introduce rankings for other jurisdictions in Europe as the business grows.
Regarding the home markets of Spain and the UK, Vadevaour co-founder Abhinav Premnath noted some key differences between manager styles. He said that many highly rated UK managers focus on high quality stocks whereas their Spanish counterparts tend to go for good companies trading on low multiples, or what others might refer to as ‘value’ stocks (a distinction not favoured by the company and many fund managers).
“Whilst most UK managers holding a Vadevalor rating have continued to deliver outstanding results over the last two or three years, some of those rated at Spanish firms, with portfolios skewed more heavily to sectors most impacted by the crisis, have naturally shown weaker results. Interestingly, the performance of those who have struggled over the last two or three years, has started to turn in recent months, with the gradual reopening of the economy, whilst many of the UK managers to have performed best through this period, have shown weaker results over the past months," said Mr Abhinav.
Other newly ranked managers
Joining those from Downing to enter into Vadevalor's books, include Richard Scrope and Simon Murphy at Tyndall Investment Management who have both been awarded a Vadevalor AAA rating.
David Clark of Saracen Fund Managers, who Fundtruffle profiled here in a look at his UK Alpha Fund has also been awarded an AAA rating.
Finally Stephen Yiu at Blue Whale Capital has impressed with his start to fund management and has subsequently been awarded an A rating.
To read more on Vadevalor’s methodology click here.
