After landing a Citywire rating for the first time in March, Finck has flown up the ratings, with his impressive risk-adjusted returns over the past three years pushing him from an AA rating up to AAA in November.
Finck runs the $114 million Morgan Stanley Mortgage Securities Trust alongside fixed income veteran Neil Stone, who has a highly respectable AA rating.
Finck’s risk-adjusted numbers put him third in the Citywire US Mortgage category, behind NN Investment's David Goodson and the Pimco Mortgage-Backed Securities duo of Daniel Hyman and Michael Cudzil. Goodson pips Finck for three-year total returns, but the Morgan Stanley man's 12.3% beats the Pimco pair and smashes the category average of 7.5%.
- Sector manager ratio: 1.18
- For three years he ranked: 3/71
Conelius is an emerging market debt veteran who first started running money back in 1994. Having been rated by Citywire throughout 2017, with an A rating in January and AA every month thereafter, he obtained an AAA rating for the first time in November.
Conelius runs the $368.3 million T. Rowe Price Institutional Emerging Markets Bond fund and the $6.8 billion T. Rowe Price Emerging Markets Bond fund, which rank fourth and ninth respectively out of 66 funds in the category for three-year total returns.
He runs the second most money of any manager in the category, but ranks first out of 82 managers for risk-adjusted returns. He puts his strong recent performance down to security selection in Argentina and Brazil.
- Sector manager ratio: 0.76
- For three years he ranked: 1/82
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Kutas has also been awarded an AAA rating for November. However, unlike the other managers here, it is not his first – far from it. He has been AAA-rated for 16 of the past 21 months, dropping down to an AA for the remaining five.
Kutas runs the $99.7 million Fidelity Emerging Europe Middle East Africa fund. He lags the category average in terms of total returns – 9.5% versus 14.3% – but this is due to him running a more niche strategy than the broader category. When compared with his more relevant benchmark, the MSCI Emerging Markets EMEA, Kudas comes out better, as the index is down 3% over three years.
On a risk-adjusted basis Kutas tops the category, ranking first out of 191 managers.
- Sector manager ratio: 0.92
- For three years he ranked: 1/191