An Australian fund manager has been recognised for his high achievement in Asia.
Equity Fund Manager of the Year as voted by The Asset magazine’s Triple A Investment Awards 2012 – was awarded to Paul Taylor, Fidelity’s head of Australian Equities and Portfolio Manager of the Fidelity Australian Equities Fund.
The region-wide honour was bestowed, in part, for consistently achieving above-benchmark performance. Mr Taylor has managed the fund since its inception in June 2003 and generated a 12% return net of fees since its inception, annualised outperformance of 3.7% against the S&P/ASX 200 Accumulation Index benchmark.
Mr Taylor said “I’m proud to have been able to build a quality team of people and a quality investment process that helps provide for people’s retirement needs – and this is what is being reflected in this accolade.”
Fidelity was also awarded Best Asset Management Company in Australia for the third year in a row.
The Asia-wide magazine said the award recognised Fidelity’s lead in servicing the investing needs of institutional and corporate clients and consistently achieving above-benchmark performance.