Nelson: Equity Managers On The Mend
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%.
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 47.3%.
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