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Performance - October 13, 2008

EDHEC and EuroPerformance release the results of the Alpha League Table 2008 for the UK

EDHEC and EuroPerformance have released their annual rankings of the top UK asset management companies: the Alpha League Table. The Alpha League Table is constructed on the basis of a genuine measure of alpha, using a state-of-the-art methodology developed by EDHEC.

The year’s results are better than last year’s: average alpha increased (approximately 30 basis points) to 2.9% and the average frequency of alpha is 52.2%; whereas it was 46.3% last year.

The winner of the 2008 edition is Jupiter, which was ranked second last year. With its average alpha of 4.23% and the frequency with which alpha is delivered coming to 73.75%, the firm posts an impressive performance.

Artemis Fund Managers, in its first appearance in the Alpha League Table, is in second place with an average alpha of 4.51% and frequency of 66.11%.

In third place, as it was last year, is M&G which offers one of the widest ranges of funds. The alpha generated by the firm was measured at 4.38% and the frequency at 66.54%, improvements on last year.

Moreover, the table once again confirms that, when it comes to alpha, UK asset managers outperform their counterparts in Europe. On average, 52.2% of UK funds deliver positive alpha. By comparison, frequency of positive alpha is 42.4% for Swiss funds, 30.7% for French funds, and 30% for Spanish funds.

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