Announcing the Morningstar Fund Managers of the Year for 2014
Success starts with teamwork for this year's winners.
Our manager research team at Morningstar is in the business of analyzing fund managers day in, day out, year after year. We analyze and rate more than 1,100 funds every year, speaking to the managers and doing deep dives using our five-pillar framework (Process, Performance, People, Parent, and Price). We also speak to the managers of hundreds of funds that we don't cover. Over time, we've certainly come across our share of mediocrities and flashes in the pan, and we've come to especially appreciate how difficult it is for active managers to outperform consistently and over long time periods. So it is a pleasure to start off the new year--as we have for the past 27 years--by naming Morningstar's Fund Managers of the Year.
While the Manager of the Year award winners have distinguished themselves in the past calendar year, we've never simply chosen the highest-returning funds. The awards recognize managers who have not only just completed outstanding years but have tacked on a winning year to their already stellar long-term track records. Our winners have generated strong long-term risk-adjusted returns and have been strong stewards of their investors' capital. Beyond having had a great year and possessing an excellent long-term record, our winners must have current Morningstar Analyst Ratings of Gold, Silver, or Bronze, indicating that our analysts have conviction in the managers' ability to outperform their categories and/or benchmarks on a risk-adjusted basis over the long haul.
Jon Hale does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.