Eric Moffett celebrates his fund’s three-year anniversary by making his debut in the Citywire ratings right at the top with a cool AAA. Moffett’s three-year numbers place him top of the table in terms of total returns within the Equities – Asia Pacific ex-Japan sector and he ranks number one on a risk-adjusted basis too. The Princeton and Harvard graduate is up 31.9% in the past three years, which is nearly double the benchmark and average manager, both of which come in at 17.6%. Recent outperformance has been driven by stock selection in China and to a lesser extent South Korea and India, despite wider markets in these countries falling.
- Sector manager ratio: 1.04
- For three years he ranked 1/21
First time at the top
After 10 months alternating between an A and AA rating, Andrew Brudenell, who manages the Ashmore Emerging Markets Frontier Equity fund, made the jump to AAA in June. Brudenell is up 11.6%, shattering the benchmark, which is down 9.3% over three years, giving him the best total returns of the 89 managers in the emerging market sector. He ranks second on a risk-adjusted basis, a feat made more impressive given that most of his peers do not share his frontier focus. On a country level, the fund’s 23.5% allocation in Pakistan, versus the benchmark’s 6%, has helped drive performance.
- Sector manager ratio: 0.88
- For three years he ranked 2/89
Robert Mitchell received his first-ever rating in June for his work on the Conestoga Small and Conestoga SMid Cap funds. With a 37.6% total return over three years he has a sizable lead against the average manager, who is up 24.9%, and the Russell 2000 Growth benchmark, which is up 28.1%. After suffering a net loss of roughly 8% in 2014, the Conestoga Small Cap fund is up 44% in the three years since then. A large amount of credit for this turnaround is down to the performance of its three largest holdings, Omnicell, Blackbaud and Aaon, which are up 60%, 147% and 78% respectively.
- Sector manager ratio: 0.34
- For three years he ranked 41/192