It's a new year and that means award season here at Morningstar. Each year since 1987, we have crowned a new Fund Manager of the Year. Since then, the award has expanded to five categories. We kick things off by announcing our nominees for Morningstar's Domestic-Stock Fund Manager of the Year. Tuesday's Fund Spy will unveil our International-Stock Fund Manager of the Year nominees, with the Fixed-Income, Allocation, and Alternatives nominees to follow. The winners will be announced live on CNBC on Jan. 15.
Even though the Fund Manager of the Year award is based largely on what a manager accomplished in 2013, it's also a lifetime achievement--or tenure achievement--award. Our goal is to recognize long-term success rather than a comet blazing across the sky. With this in mind, we often look for cases where a manager has succeeded despite headwinds, as opposed to someone who's simply benefiting from market momentum. With the S&P 500 Index up nearly 32% in 2013, we had to be especially mindful of this, as there wasn't much--outside of gold miners--that didn't work.
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Kevin McDevitt does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.