STEPHEN CRANSTON: New Alexander Forbes awards more than just a footnote
Alexander Forbes has launched its own investment awards after many years of promising to do so
Alexander Forbes has launched its own investment awards after many years of promising to do so. It already publishes the Manager Watch, and I had always hoped it would establish an event for institutional portfolios. Instead, it has opted to enter the competitive unit trust space, where there are already two incumbents: the Raging Bull and Morningstar awards. The Raging Bull Awards certainly have a catchy name. They offer the chance for Independent Media’s chair, Iqbal Survé, to distribute largesse among members of the asset management community. He might need their help, after all, if and when he lists his business. But the event has too many awards — maybe 70. Sometimes a global fund and a global feeder fund with the same underlying assets both win. The Morningstar Awards (in which the FM is media partner) take the opposite view, and give barely half a dozen sector awards, and nothing for key sectors such as property. The Alexander Forbes Asterisk Awards apparently do not refer to...
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