Nelson: Equity Managers On The Mend

September 6, 2001 ( -- Many institutional equity managers are now rallying, according to mid-year performance data from Nelson Information.

Equity products in all categories show that the bounce-back trend that started last quarter is continuing, with the top performing domestic institutional money manager in the US Equity/All Styles category earning more than 43% for the quarter ending June 30, 2001.

Equity managers took the lead on the international front as well, particularly in the Equity/All Mandates category, with quarterly rates of return as high as 47%.

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

Nelson tracks 40 institutional investment styles in its quarterly publication World’s Best Money Managers.

Results in the most recent edition included:

·          US Small-cap Growth Equity category averaged the best returns for the quarter, with a mean return of 16.35%. Princeton Capital Management won the top spot, with quarterly performance of 37.3%.

·          The US Dedicated Sector/Industry Equity category is showing signs of a significant rebound, thanks to strong performance among New Economy-based products that have weathered the shake-out in the tech market. Firsthand Capital Management’s e-commerce-based separate accounts product took the lead in the category with a 23.84% one-quarter return.

The International Equity/Emerging
Markets category, which showed a mean return of 6.6% for the
quarter, bested options in the international arena. Standouts in
this category included Prosperity Capital Management's Russian
Prosperity Fund, which posted the highest return for the quarter at