Cavanal Hill Investment Management Inc. (Cavanal Hill) announces it has once again been honored by the Thomson Reuters Awards of Excellence with a Lipper Fund Award, as well as three number one Lipper rankings. The Lipper Fund Awards are given out annually to recognize funds that have excelled in delivering strong risk-adjusted performance relative to their peers. Cavanal Hill’s Intermediate Bond Fund, Institutional (AIFBX) received the prestigious Lipper Fund Award for ranking number one out of 125 funds in the short-intermediate investment grade debt category for the three-year period ending Nov. 30, 2012. Last year, Cavanal Hill received a Fund Award for its Short-Term Income Fund, Institutional (AISTX) which was ranked number one out of 199 funds in the short investment-grade debt category for the three-year period ending Nov. 30, 2011. “Being honored with a Lipper Fund Award two years in a row is an achievement few firms ever realize,” said Brian Henderson, president of Cavanal Hill. “Our fixed income team continues to excel, earning numerous top rankings over the years and now another Lipper Fund Award.” The Lipper Fund winner, Intermediate Bond Fund, Institutional (AIFBX), was also the best performing fund over the annualized three-year period. Mike Maurer, senior vice president and senior fixed income portfolio manager, said the recognition is a strong demonstration of Cavanal Hill’s commitment to its investment process. “Cavanal Hill is diligent in finding quality fixed income opportunities by searching for possible sources of inefficiencies, regardless of sector,” said Maurer. Two additional Cavanal Hill funds received top rankings. Opportunistic Fund, Institutional (AIOPX), received a number one ranking for the one-year period ending Dec. 31, 2012. The U.S. Treasury Fund, Administrative (AIOPX), also received the number one ranking for the three-year period ending Dec. 31, 2012. The Opportunistic Fund, Institutional (AIOPX) ranked number one out of 259 funds in the absolute return category for the 12-month period ending Dec. 31, 2012. Senior vice president and equity portfolio manager, Matt Stephani leads the fund, which just completed its first full year. Stephani said Wall Street firms minimized their equity research teams as a result of the market crash in 2008, which has led to a number of investment opportunities being overlooked.