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Equity exploits: the top money-making managers of 2016

Citywire Americas takes a look at the equity managers that achieved the highest returns across the equity universe.

While there will always be doubters that believe stock picking is a losing game, there are managers out there significantly outperforming their benchmarks and their industry peers proving the gains from active management are no myth.

Citywire Americas takes a look at the best performing equity managers across all Citywire-tracked sectors to find the best performing over 2016.

Bar one, the managers that made the cut were focused on specific emerging market countries. One manager even achieved returns of over 180%.

Click through to see the equity managers that run either an Ucits or Latin American-domiciled fund that delivered the highest returns across over 80 sectors.

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David B. Iben , Kopernik Global Investors

Global equities manager David Iben of Florida-based Kopernik Global Investors kicks off our countdown with the successful management of his $1bn all-cap equity strategy.

Citywire + rated Iban, who is based in Tampa, centers his investment philosophy on bottom-up analysis to identify quality, mispriced stocks.

As of December 31, the Kopernick Global Investors All Cap fund was invested in 78 stocks and had nearly a third of its assets in Canadian companies, including uranium producing company Cameco Corporation.

It is significantly overweight materials versus its MSCI ACWI benchmark, and is slightly overweight energy, industrials and utilities.

While a number of investors were stocking up on US equities following the US election, it seems Iben skipped out on that trend. The fund has about 5% allocated to the US while the benchmark has over 55%.

In December, the firm announced it would soft-close its Global All-Cap Fund to manage sufficient liquidity and to ‘optimize its ability to generate superior returns’ by March 2017.

Prior to launching Kopernik in 2013, Iben managed portfolios for Vinik Asset Management and Tradewinds Global Investors.

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Juan Miguel Bakula , PromoInvest

Investor Juan Miguel Bakula of Peruvian asset manager PromoInvest finds his way onto the list after recently being highlighted as the top performing manager in Latin American equities in 2016.

Bakula, the managing director of the firm, focuses solely on the Peruvian stock market, which has paid off for Bakula’s Peru-domiciled fund as he reaped returns of almost 55% over the past 12 months.

His fund is denominated in Peru’s currency, nuevos soles, and was launched in August 2008. It invests 75% of its fund the companies listed on the INCA index.

Bakula has outperformed the average manager in the Latin American equity sector by over 30 basis points. His closest competitor in Latin American equity is Warren Skillman, who manages the CIBC Latin America fund and saw returns of 41% in 2016.

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Alex Wai Shing Ko , BNP Paribas IP

BNP Paribas manager Alex Wai Shing Ko started to manage his first fund for the French fund shop in January 2010. As well as running seven China-focused equity funds, Ko also runs Chinese bonds funds and an Indian equity strategy.

The Citywire + rated manager invests in China’s A-shares market, which performed well in the last quarter of 2016, according to the Ko’s end of year commentary.

Looking forward, Ko said that China’s A-shares market should remain stable, supported by a stable macro environment backed by injections from the government.

Ko also said that within the Flexifund Equity China fund, he is ‘turning positive’ on the banking industry due to the improvement on their non-performing loan ratios, showing the population is starting to deleverage.

The fund’s largest of 54 holdings is Ping An Insurance Group, followed by liquor sales and production company Kweichow Moutai.

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Hugo Bain , Christopher Bannon and Klaus Bockstaller , Pictet Asset Management

Emerging market equity manager Hugo Bain has been running Pictet’s $373 million Russian equity fund since November 2009. He was joined by Klaus Bockstaller in in 2013 and Christopher Bannon in 2015.

The trio also manage an emerging market fund for Pictet.

As of December 31, 2016 the fund had 32 holdings, with Sberbank of Russia accounting for 8.1% of its assets.

The fund’s largest sector allocation was in energy, at 28.9%, followed by financial services (16.9%) and basic materials (12.9%).

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Henrique Bredda Henrique Bredda, Alaska Asset Management

Citywire AA-rated Henrique Bredda comes out as the top performing portfolio manager across equity sectors for 2016 with his impressive run delivering 184.94% over the year.

Bredda has managed the Brazilian- domiciled Alaska Black FICFIA BDR Nivel I fund and the Alaska Black Master FICIFA BDR Nivel I funds since they were launched in November 2011. His manager performance over five-years remains impressive, with returns of over 111.5% in contrast to the average manager who has returned 21.9% over the same period.

He manages the Alaska Black Master alongside firm’s founder Luiz Alves Paes de Barros and Ney Miyamoto.

The trio invests at least 67% of the fund’s assets in Brazilian equities and in a recent Bloomberg interview, Barros said the trio’s favorite stocks of the moment included pulp and paper company Fibria Celulose, petrochemical company Braskem, as well as Brazilian bus and coach manufacturer Marcopolo SA.

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Related Fund Managers

David B. Iben
David B. Iben
141/1177 in Equity - Global (Performance over 3 years) Average Total Return: 32.48%
Hugo Bain
Hugo Bain
20/78 in Equity - Emerging Markets Europe (Performance over 3 years) Average Total Return: 12.60%
Christopher Bannon
Christopher Bannon
12/97 in Equity - Emerging Markets Europe (Performance over 1 year) Average Total Return: 34.07%
Klaus Bockstaller
Klaus Bockstaller
19/78 in Equity - Emerging Markets Europe (Performance over 3 years) Average Total Return: 12.60%
Juan Miguel Bakula
Juan Miguel Bakula
1/52 in Equity - Latin America (Performance over 3 years) Average Total Return: 15.19%
Henrique Bredda
Henrique Bredda
2/155 in Equity - Brazil (Performance over 3 years) Average Total Return: 101.19%
Alex Wai Shing Ko
Alex Wai Shing Ko
133/137 in Equity - India (Performance over 3 years) Average Total Return: 13.45%
Events
  • Citywire Latin America 2017

    Citywire Latin America 2017

  • Citywire Miami 2017

    Citywire Miami 2017

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    Citywire Santiago 2017

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    Citywire New York 2016

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    Citywire Latin America 2016

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    Citywire Latin America 2016

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