Amundi was the standout winner at Financial News’s 16th Asset Management Awards last night, fending off fierce competition from a strong line-up of contenders to claim three of the top awards on offer.
Europe’s largest fund house was the only asset manager to take home more than one award — no mean feat in a year where several top prize winners only just pipped their closest contenders to claim victory.
Amundi was crowned Asset Manager of the Year after a distinguished panel of industry judges deemed its €3.5bn acquisition of Pioneer Investments last year worthy of the top award.
Amundi also beat Lyxor Asset Management and AQR Capital Management, Ossiam and Tobam to take home the award for Smart Beta Manager of the Year.
Yves Perrier picked up Amundi's third award, for Chief Executive of the Year, after judges felt much of the firm's success in the past 12 months was driven by its senior leadership team.
The other industry personality to receive recognition was Dominic Rossi. He picked up the Chief Investment Officer of the Year award as a result of his work to bolster Fidelity International’s stance on corporate governance.
Among exchange traded fund providers, Lyxor stormed to success after beating BlackRock’s iShares division — the world’s largest ETF firm.
Emerging markets proved to be the most competitive categories this year, with Ashmore only just beating Hermes Investments to claim success.
It was also a closely fought battle for Environmental, Social and Governance Manager of the Year, with Hermes emerging the victor after managing to outshine rivals Legal & General Investment Management and Nordea.
An enviable track record for Terry Smith, who holds a concentrated portfolio of 20-30 stocks in global equities, was enough for the judges to hand Fundsmith the award for Boutique Manager of the Year.
Others continued their winning streak from last year. Insight Investment once again picked up the Liability-Driven Investment Manager of the Year award — the eighth year the asset manager has claimed victory in this category.
Edinburgh-based Baillie Gifford was the runaway winner in the Equities Manager of the Year category, with its performance alone enough to impress the judges it should be awards the top prize.
Redington held onto its prize for Investment Consultancy of the Year, demonstrating again it has the ability to fend off larger rivals Mercer, Hymans Robertson and Aon Hewitt for the top award.
Anglo-Dutch outfit Cardano continued to steamroll competition and claim top prize in the fiduciary management category — the ninth consecutive year it has won the award.
Winners of the Asset Management Awards Europe 2017:
- Chief Executive Officer of the Year — Yves Perrier, Amundi
- Asset Manager of the Year — Amundi
- Chief Investment Officer of the Year — Dominic Rossi, Fidelity International
- Investment Consultant of the Year — Redington
- Index Funds/ETF Provider of the Year — Lyxor Asset Management
- Fiduciary Manager of the Year — Cardano
- Boutique Manager of the Year — Fundsmith
- ESG Strategy of the Year — Hermes Investment Management
- Equity Manager of the Year — Baillie Gifford
- Fixed Income Manager of the Year — M&G Investments
- Multi-Asset Manager of the Year — Nordea Asset Management
- Smart Beta Manager of the Year — Amundi
- LDI Manager of the Year — Insight Investment
- Emerging Markets Manager of the Year — Ashmore