March 9, 2012

At Lipper Awards, PIMCO Wins Best Large Equity Fund; Nuveen Best Overall Fund Family

Large fixed-income win goes to Thornbug Investment Management as PIMCO Total Return goes overlooked

In a suLipper Fund Awards 2012rprise twist among winners of the Lipper Fund Awards 2012 announced Thursday night in New York, PIMCO won the prize for best large company equity fund.

Usually, PIMCO and star manager Bill Gross are known for their reputation in the world of fixed-income investing and their $250 billion-plus Total Return Fund, which did not even get a mention on Lipper’s long list of U.S. fund award winners. PIMCO did, however, receive numerous mentions on the list for both stock and bond funds.

Other big winners on Thursday included best overall large fund family Nuveen Fund Advisors and best overall small fund family GuideStone Funds. The best small-company equity fund winner was Hotchkis & Wiley Capital Management.

Fixed-income winners were Thornbug Investment Management for large company and M&I Investment Management for small company. Mixed asset winners were large company John Hancock Group and small company Delaware Management.

Last year’s Lipper Fund Award winners were MFS Investment Management as the best overall large group winner and Delaware Management Co. as the best overall small group winner. PIMCO also won last year as the 2011 large equity winner.

Similarly, Hotchkis & Wiley Capital Management  won for small equity. Loomis, Sayles & Co. was the large fixed income winner, and won for large mixed asset. Janus Capital Management.

Lipper, a Thomson Reuters company, designates award-winning funds in most individual classifications for the three-, five-, and 10-year periods and fund families with high average scores for the three-year time period. The awards recognize funds that have delivered strong risk-adjusted performance relative to peers.

Read about last year’s Lipper Fund Awards winners at AdvisorOne.com

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