International fund managers Morgan Stanley Investment Management has bagged the Balanced Manager of the Year Award 2001 at the first European Pensions Awards 2001.
The award, sponsored by Global Pensions magazine, was presented at a recent ceremony held in Brussels.
MSIM fought off competition from UBS Asset Management, Bridgewater Associates, Alliance Capital International and Capital International who were also shortlisted.
Commenting on the award, Hester Borrie, head of business development for Northern Europe at MSIM in Amsterdam said that the firm had not lost any discretionary clients since the start of the programme in 1996:
“Our strong performance over the last year has been achieved through effective asset allocation, exploiting the inefficiencies and volatility in capital markets recently. Our European balanced business has doubled since 1999.”
Nominees for the 16 categories were judged by a panel of five including Anthony Ashton, partner and head of investment consulting practice at Bacon & Woodrow in the UK; Gino Pfister, director of Novartis AG in Switzerland; chief executive officer of the Philips Pension Fund in the Netherlands, Dick Snijders; Erik Veedfald, chief investment officer of the Danish Lawyers’ and Economists’ pension fund; and chief investment officer and joint deputy chief executive of UK's Hermes Pensions Management, Tony Watson.
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