Developed international markets also did quite well as investor concerns about a collapse in the Euro receded. Artisan Partner's International Value strategy and Lazard's LQE Small Cap Advantage product both posted gains of 7.2 percent on the quarter, besting the benchmark MSCI EAFE return of 6.6 percent.
"Last year was not a good time to be timid, since generally speaking the investors who were willing to take the biggest risks managed to reap the biggest rewards," said
, Director of Applied Research, Informa Investment Solutions. "U.S. equities lead the pack for most of the year before overseas investments inched ahead of U.S. markets in the last quarter."
The year's "risk-on" theme also extended into the realm of fixed income, as demonstrated by the 3.2 percent gain for High Yield bonds. Perennial fixed income powerhouses BlackRock and
both boasted high yield products delivering a 4.0 percent quarterly return.
PSN, a division of Informa Investment Solutions Inc., maintains the world's longest-running and most robust manager database, containing 12,000 institutional investment products reported by more than 2,000 managers. To be considered for 5-Star Top Guns status, an asset manager must have demonstrated the ability to deliver superior risk-adjusted returns over time relative to the appropriate benchmark. Specifically, PSN screens for an R-squared of 0.80 or greater relative to the style benchmark over the most recent five-year period ending date and returns greater than the benchmark for the three latest three-year rolling periods. Finally, products must have a five-year standard deviation equal to or less than the median for the peer group. The separate managed account products with the top ten returns for the latest three-year period then become Top Guns.
About Informa Investment Solutions, Inc.
Informa Investment Solutions, a subsidiary of Informa plc, is a leading provider of solutions and custom services to financial institutions and investment professionals. For over 30 years, Informa Investment Solutions has supplied valuable data and offered tailored performance measurement, wealth management tools, reporting, and communications solutions to brokerages, money management firms, investment consultants, independent advisors and pension plan sponsors. We serve more than 1,300 clients and track data in our widely-used PSN database for more than 2,000 investment management firms and 12,000 products worldwide. For more information on Informa Investment Solutions, visit
SOURCE Informa Investment Solutions