Raging Bull Awards
THIS year, the Oscars of the unit trust industry, the Raging Bull Awards, celebrated their 21st anniversary, and to mark the occasion, two special awards were made in addition to the existing 10.
The event was hosted on Wednesday night by Personal Finance, a publication of Independent Media, with data-provider partners ProfileData and PlexCrown Fund Ratings.
The special awards were made to the unit trust company with the top-performing South African general equity fund over three years, and the top-performing South African multi-asset equity fund on a risk-adjusted basis over five years.
Daniel Matjila, chief executive of the Public Investment Corporation (PIC), addressed this year’s event which was at the Rotunda at The Bay Hotel in Camps Bay. Matjila spoke of the trends in the investment industry over the past decade.
More than 300 representatives of leading unit trust companies, boutique managers, financial services regulators and investment bodies attended the annual event. These are the winners:
The Raging Bull for the best South African equity general fund went to Investec Value Fund.
The Raging Bull for the best South African interest-bearing fund went to Prescient Income Provider Fund.
Old Mutual Global Equity Fund won the Raging Bull for best (SA-domiciled) global equity general fund.
Contrarius Equity Fund (Ireland) took the Raging Bull for best (FSB-approved) offshore global equity fund.
NGI Private Wealth Equity Fund was named the best South African general equity fund on a risk-adjusted basis.
The Raging Bull for the best South African multi-asset equity fund on a risk-adjusted basis went to NFB Ci Cautious Fund of Funds.
The award for best South African multi-asset flexible fund on a risk-adjusted basis went to Centaur BCI Flexible Fund.
Nedgroup Global Flexible Fund took the award for best offshore global asset allocation fund on a risk-adjusted basis.
Usually, 10 Raging Bull Awards are handed out, but to celebrate the 21st anniversary of the awards, two special Raging Bulls were awarded. Investec Asset Management won both awards. Its Equity Fund received the Special Raging Bull for top outright
‘We can make Africa take a quantum leap which will take us far’
performance over 21 years by a South African equity general fund, while the Investec Managed Fund took the special award for the best risk-adjusted performance over 21 years by a South African multi-asset equity fund.
Executive chairman of Independent Media and the Sekunjalo Group, Dr Iqbal Survé, who spoke at the ceremony, was pleased that there were so many talented fund managers in South Africa.
“It’s important to use the capital to have sustainable investments. If we can use our collective talent, we can make Africa take a quantum leap (in development) which will take us far as a continent,” said Survé. Business Report