Canadian mutual funds, hedge funds and fund management firms were recognized on Tuesday evening in Toronto for their performance over the past year at the Lipper Fund Awards 2013.
Phillips, Hager & North Investment Management (PH&N) maintained their lead in the group categories with two awards: Best Bond Fund Group and Best Fund Group Overall. PH&N received the overall award in 2011 and 2010 and in the bond category in 2007, 2008, 2010 and 2011.
PH&N is an operating division of RBC Global Asset Management Inc. (RBC GAM), which won the Best Bond Fund Family award in 2009 and Best Overall Fund Group in 2007 and 2008.
“We are honoured to be recognized among our peers in the industry,” said Dan Chornous, chief investment officer, RBC GAM, in a statement. “It is remarkable to receive top Lipper Group Awards seven years in a row, and certainly gratifying to receive multiple individual distinctions, but our focus remains on delivering solid and consistent risk-adjusted returns for our clients, first and foremost.”
ATB Investment Management also had a repeat performance this year when it won for Best Mixed Assets Fund Group. ATB received the same award in 2012. Mawer Investment Management was recognized as the Best Equity Fund Group, last year the award went to Sentry Investments.
“Our award for Best Equity Funds Group, as well as our individual fund awards, speaks to Mawer’s commitment to deliver long-term performance excellence,” said Jim Hall, chief investment officer, Mawer, in a statement.
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence. The awards recognize funds that consistently deliver strong risk-adjusted performance relative to their peers. Lipper awards funds in most individual classifications for the three-, five- and ten-year periods and fund families with high average scores for the three-year time period.