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Olympic champions: equity gold, silver and bronze winners revealed

Olympic champions: equity gold, silver and bronze winners revealed

Olympic champions have competed their way to the top in Rio and so too have fund managers across sectors and countries.

The countries bringing home the most medals as the games came to a close were the USA, the UK and China but which fund managers are at the top of their game in each country's equity markets?

Citywire Switzerland takes a look at the managers with funds registered for sale in Switzerland who have outperformed their peers over three years.

1.       Frank Caruso, Alliance Bernstein

Fund: AB FCP I-American Growth Portfolio AX USD

Topping the Olympics scoreboard is the USA with a total of 121 medals, 46 of which were gold, as American talents including Simone Biles and Michael Phelps soared their way to the top.

Meanwhile in the fund manager universe, the top player for US equity funds available in Switzerland is Alliance Bernstein’s Frank Caruso.

Caruso features in Citywire Switzerland’s September magazine edition as the Fund Manager to Watch as he outperformed all 178 of his peers managing North American equities registered for sale in Switzerland.

Over three years to the end of July, the Citywire + rated manager recorded total returns of 55.84%, compared to the average manager’s 28.61% while the index, Russell 1000 Growth TR, was at 49.53%.

Caruso oversees €6 billion across both US and international strategies, while the AB FCP I-American Growth Portfolio fund has €977 million under management.

Check out the next edition of the Swiss magazine for a detailed look at how he stays ahead of the pack.

2.     John Wood, JO Hambro Capital Management

Fund: JOHCM UK Opportunities B Acc

Clinching second place just ahead of China was the UK. While Britain’s golden couple, Laura Trott and Jason Kenny took home ten medals, the top performing fund manager running UK equities over the past three years is John Wood, from JO Hambro.

The Citywire AA rated manager reported a three year total return of 16.76%, while the benchmark, FTSE All-Share TR was at 5.24% and the average manager 3.17%.

Wood has managed the fund since 2005 before Citywire AA rated Michael Ulrich and Rachel Reutter, joined him in managing the fund in summer 2015.

3.     Bin Shi, UBS

Fund: UBS (Lux) Eq Fd - China Opportunity (USD) P-acc

Taking home more medals than the UK but fewer golds is China, which finished in third and outperforming his peers in the Chinese equity space over three years is UBS’ Bin Shi.

The $1.4 billion UBS Equity China Opportunity fund’s largest position is financial services, with a 29.3% exposure, but remains underweight in comparison to the MSCI China benchmark.

In comparison to the index, the fund is most overweight consumer discretionary and healthcare.

The Citywire A-rated manager has been on the fund since 2012 and returned 37.95% in comparison to the average managers’ 17.80% as there are 24 managers in this peer group. Over the same time period, the MSCI China TR USD index had a performance of 15.09%.

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