Thomas Moore of Standard Life Investments has risen to the top of The Herald’s latest fund manager league table, as the three years to June 30 produced record performance for managers in houses with a significant Scottish presence.
The coveted AAA rating went to 17 managers, compared with nil nine months earlier, and six managers climbed into the top 100 places in the Citywire table of 4281 managers Europe-wide.
Mr Moore jumped from 108 the previous month, when he was third in the table, to a high-flying 30th place, displacing his colleague Jacqueline Lowe, who drops from first to third and from 54 to 65.
Disappeared from the list is Ed Legget, co-manager with Mr Moore of the SLI UK Equity Income Unconstrained fund and fourth in the previous table, who is on garden leave after jumping ship for Artemis.
That house provides the runner-up in the latest table in the form of Peter Saacke, manager of European and global growth funds at Artemis, whose ranking rises from 161 to 64.
Mr Legget will later this year take over £740m growth fund at Artemis as successor to Tim Steer, one of the fastest climbers in the latest table with a ranking up from 1409 to 591 and a AA rating, just ahead of colleague Adrian Frost.
Sharing third place with Ms Lowe is Iain McLeod, co-manager of the SLI Dynamic Distribution fund, previously unplaced but now with enough personal track record to be eligible for the table. The fund’s strong showing owes much to its exposure to the £1.3bn unconstrained fund run by SLI colleague Mr Moore.
The other newcomer to the top places is Vinay Agarwal who runs First State’s Indian Sub-Continent fund. He also becomes eligible for the first time and is ranked 87.
The final high-flier in the top 100 is Audrey Ryan, who jumps from 155 to 80. Ms Ryan manages the Ethical Equity, Ethical Cautious Managed and UK Opportunities funds at Edinburgh-based Kames Capital.
The remaining Scottish top 10 places are taken by Jacob de Tusch-Lec of Artemis (global income and monthly distribution funds), Ben Russon and Colin Morton of Franklin Templeton (UK equity funds), and Colette Conboy of SLI (international trust).
A further seven managers grab an AAA rating: Philip Wolstencroft and James Foster of Artemis, Iain Wells and Iain Buckle at Kames, and Caspar Trenchard, David Cumming and Lesley Duncan at SLI.
The leading AA-rated managers all improved sharply relative to the big league, led by Craig Yeaman at Saracen (1028 to 432), Richard Bullas at Franklin (1034 to 447), Derek Stuart at Artemis (1000 to 460), Karen Robertson at SLI (1297 to 574) and SVM’s founders Colin McLean (707 to 501) and Margaret Lawson (1086 to 575).
Among the groups, Franklin Templeton has 26 managers listed and SLI 21, though seven of SLI’s are AAA-rated against two at Franklin. First State improves its showing from seven to 11, while independent McInroy & Wood doubles from one to two.
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