Lipper Fund Awards 2011 were announced for U.S. fund winners at a ceremony in New York on Thursday, with MFS Investment Management winning as best overall large group and Delaware Management Co. winning as best overall small group.
In fact, Delaware swept all three of Lipper’s three-year small group fund awards, winning not only the best overall prize, but also the small fixed income and the small mixed asset prizes.
Other top three-year group winners were: PIMCO for large equity; Hotchkis & Wiley Capital Management for small equity; Loomis, Sayles & Co. for large fixed income; and Janus Capital Management for large mixed asset.
In addition, a first-time award for excellence in fund management recognizing consistently strong risk-adjusted returns for at least five years went to Clyde McGregor, co-manager, Oakmark Global and Oakmark Equity & Income funds.
Another big winner at the Lipper awards ceremony was T. Rowe Price, which dominated the mixed-asset categories with its win of nine out of a total of 14 target-date fund awards.
Lipper, a Thomson Reuters company, announced a total of 286 winners. Thirty-seven trophies went to winners for three-year performance in the largest categories, and 249 certificates went to other funds for superior consistent returns in the three, five and 10 years ended Dec. 31, 2010.
“Lipper has hosted this event for over 10 years. In that relatively short time we’ve seen a number of new strategies come to market; this is not a field known for sitting on its hands,” said Jeff Tjornehoj, head of Lipper Americas Research, in a statement. “As new products and markets open up to link buyer with seller and creditor with debtor, so, too, have mutual funds evolved.”