(Video: Mimi Productions)
Congress Asset Management, the winner in the U.S. mid-cap category and this year’s Overall SMA Manager of the Year, uses a strategy best described as “steady as she goes.”
Over the past seven years, the portfolio has captured 107% of the market’s move — but just 85% of its risk — and it has placed in the top decile of its peer group, according to Envestnet | PMC.
“We’ve shown in our numbers that we can do better than the market and take less risk,” said Solomon. “That’s usually how we compete against passive investors.” The firm’s main competition is other active managers, against which it also often outperforms.
— Read The Long Game: 2017 SMA Managers of the Year for more from this year’s winners.