Separately managed accounts ranked by fourth-quarter returns

Feb 15, 2015 @ 12:01 am

By InvestmentNews Data

U.S. large-cap equity

Product4Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Principal Global Investors - REIT15.63%33.11%17.74%17.76%15.02%1.18$7,965.9 TeamDes Moines, IA
Chilton Capital Management LLC - REIT13.62%33.81%20.87%19.17%14.42%1.32$286.8 TeamHouston
Polen Capital Management - Large Cap Growth10.19%17.60%17.79%15.59%15.32%1.01$5,362.8 TeamBoca Raton, Fla.
Todd Asset Management LLC - Intrinsic Value Opportunity10.12%18.52%24.65%18.79%14.89%1.26$354.5 TeamLouisville, Ky.
Renaissance Investment Management - Large Cap Growth Equity Strategy Wrap9.81%21.43%25.03%17.11%17.33%0.98$2,927.8 Michael SchroerCovington, Ky.
The London Company - Large Cap*7.86%17.85%20.30%18.19%11.72%1.54$1,807.4 TeamRichmond, Va.
PNC Capital Advisors, LLC - Advantage Growth Equity7.84%20.36%21.33%16.40%15.08%1.08$456.0 TeamBaltimore
Vulcan Value Partners - Large Cap7.48%15.03%26.01%19.08%14.45%1.31$7,023.7 C.T. FitzpatrickBirmingham, Ala.
Alta Capital Management - Large Cap Quality Growth7.26%12.39%23.12%15.88%14.76%1.07$1,120.3 Michael TempestSalt Lake City
Smith Group Asset Management - Large Cap Focused Growth7.26%13.96%20.73%17.41%16.59%1.04$1,094.4 TeamDallas
Mount Lucas Management Corporation - MLM Focused Equity*7.16%13.41%23.92%17.14%19.51%0.87$307.4 TeamNewtown, Pa.
Morris Capital Advisors, Inc. - Large Cap Growth Equity Strategy7.12%14.84%21.98%16.94%13.78%1.22$390.3 TeamMalvern, Pa.
Cambridge Financial Group - Core Equity7.00%17.32%22.62%14.48%16.75%0.86$193.5 Gregory J. BauerColumbus, Ohio
People's United Bank - High Confidence6.82%16.34%21.72%15.61%14.90%1.04$700.5 John ConlonBridgeport, Conn.
Coho Partners Ltd. - Coho Relative Value Equity6.75%15.01%19.87%17.24%11.84%1.45$1,973.5 TeamBerwyn, Pa.
S&P 5004.93%13.69%20.42%15.46%14.41%1.07

U.S. midcap equity

Product4Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Ariel Investments - Ariel Small/Mid Cap Value Wrap*10.71%13.94%24.63%17.59%22.49%0.78$2,816.5 John W. Rogers Jr.Chicago
Kayne Anderson Rudnick LLC - Mid Cap Core*10.58%18.15%20.84%17.06%14.29%1.19$136.1 TeamLos Angeles
Great Lakes Advisors, LLC - SMidCap9.80%10.50%25.02%20.72%18.85%1.09$398.8 TeamChicago
Riverbridge Partners - SMID Cap Growth9.67%3.91%17.54%18.98%13.48%1.40$1,726.5 TeamMinneapolis
Kayne Anderson Rudnick LLC - Small to Mid Cap Value Portfolio*9.66%8.87%18.10%17.36%13.89%1.24$150.1 TeamLos Angeles
Congress Asset Management - Mid Cap Growth (SMA)*9.54%13.05%19.88%21.94%16.37%1.33$829.5 TeamBoston
Eagle Asset Management - Small/Mid Cap Core - Retail9.27%3.84%18.52%13.64%17.19%0.79$557.0 TeamSt. Petersburg, Fla.
Madison Investment Advisors, LLC - Mid-Cap Equity9.18%11.24%19.44%17.29%15.00%1.15$1,275.4 TeamMadison, Wis.
Janus Capital Management - Mid Cap Growth MA (Retail)8.53%13.13%21.02%16.70%16.09%1.03$5,825.7 Brian DemainDenver
Kayne Anderson Rudnick LLC - Small to Mid Cap Portfolio*8.43%9.89%16.29%15.43%14.28%1.07$712.8 TeamLos Angeles
Robeco Investment Management Inc. - BP Mid Cap Value Equity8.37%14.38%24.55%19.64%17.79%1.10$14,704.1 Stephen PollackNew York
Anchor Capital - Mid Cap Value Equity*8.20%11.47%16.68%13.32%11.30%1.17$4,347.7 William P. Rice Jr.Boston
AllianceBernstein - Small to Mid Cap Value*7.91%10.97%23.74%17.86%20.24%0.88$4,260.4 James W. MacGregorNew York
Eagle Asset Management - Small/Mid Cap Core - Institutional7.80%8.87%19.22%15.96%17.80%0.89$204.6 TeamSt. Petersburg, Fla.
Ariel Investments - Ariel Mid Cap Value Wrap*7.56%9.19%24.61%17.17%20.33%0.84$3,094.8 TeamChicago
Russell Midcap5.94%13.22%21.40%17.19%16.59%1.03

U.S. small-cap equity

Product4Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Kayne Anderson Rudnick LLC - Small Cap Growth*12.56%5.28%18.47%17.88%13.60%1.31$301.7 TeamLos Angeles
Kayne Anderson Rudnick LLC - Small Cap Quality Value*11.34%3.03%16.64%16.14%15.91%1.01$1,833.2 TeamLos Angeles
Chartwell Investment Partners - Small Cap Value11.22%7.75%19.95%17.72%17.55%1.00$1,037.4 TeamBerwyn, Pennsylvania
Timpani Capital Management - Small Cap Growth*11.14%0.91%23.85%18.11%22.00%0.82$257.4 Brandon M. Nelson, CFAMilwaukee
Denver Investment Advisors (Westcore) - Small-Cap Value10.99%7.60%18.13%16.50%16.65%0.99$1,812.4 Troy DaytonDenver
Palisade Capital Management, LLC - Small Cap Growth Equity10.80%3.32%20.05%19.48%20.82%0.93$867.8 Sammy OhFort Lee, N.J.
Riverbridge Partners - Small Cap Growth10.76%-0.33%19.03%17.85%16.27%1.09$2,840.2 TeamMinneapolis
PNC Capital Advisors, LLC - Small Cap Portfolio10.61%4.46%22.74%19.85%18.01%1.10$939.7 TeamBaltimore
Rice Hall James & Associates, LLC - Small Cap Opportunities10.38%8.41%24.75%24.16%16.66%1.44$433.8 TeamSan Diego
TCW Investment Management Company - TCW Small Cap Growth10.21%1.91%16.10%11.69%21.23%0.55$222.7 TeamLos Angeles
TAMRO Capital Management - Small Cap Equity10.12%1.56%15.67%14.83%19.58%0.75$1,411.3 TeamAlexandria, Va.
Atlanta Capital Management - High Quality Small Cap Core*10.07%3.30%17.80%17.77%16.07%1.10$1,856.1 TeamAtlanta
Conestoga Capital Advisors, LLC - Small Cap Growth9.87%-7.53%16.30%15.96%18.17%0.87$1,628.7 TeamWayne, Pa.
The Boston Company Asset Management, LLC - Small Cap Growth*9.83%3.91%20.09%16.39%18.47%0.88$464.1 Todd WakefieldBoston
Granite Investment Partners, LLC - Small Cap Core Equity*9.81%5.62%23.14%22.13%21.93%1.01$165.6 TeamEl Segundo, Calif.
Russell 20009.73%4.89%19.21%15.55%18.96%0.82

International, global, emerging-markets equity

Product4Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Capstone Asset Management Company - Global Equity Income4.48%9.63%13.71%12.30%12.19%1.00$265.7 John WolfHouston
Aristotle Capital Management, LLC - Value Equity3.94%11.66%21.26%15.52%14.82%1.04$7,146.7 Howard GleicherLos Angeles
Lazard Asset Management - Global Equity Select ADR - SMA2.84%4.16%16.43%11.31%14.83%0.76$2,618.6 TeamNew York
Legg Mason, Inc. - Legg Mason MDA 7A Global All Cap*2.67%10.43%21.21%14.77%16.95%0.87$256.4 TeamBaltimore
WCM Investment Management - Quality Global Growth Equity2.34%1.03%14.55%13.66%14.67%0.93$679.9 TeamMilwaukee
Legg Mason, Inc. - Legg Mason MDA4 Global Multi Cap Growth*2.33%10.54%22.18%15.39%16.82%0.91$126.8 TeamBaltimore
AllianceBernstein - Global Value Equity ADR*2.23%7.37%19.12%9.57%18.29%0.52$2,030.0 Kevin SimmsNew York
Capital Group - Capital Group PCS Global Equity Composite*1.79%4.37%16.04%10.44%14.05%0.74$6,282.3 TeamLos Angeles
McKinley Capital Management, LLC - International Non-U.S. Growth1.35%2.85%12.65%6.65%16.66%0.39$2,639.5 TeamAnchorage, Ala.
Harding Loevner - Global Equity ADR0.86%6.34%15.08%9.54%15.94%0.59$130.3 TeamBridgewater, N.J.
WCM Investment Management - International Focused Growth0.40%1.07%12.20%11.12%16.05%0.69$4,770.8 TeamMilwaukee
Scout Investments - International ADR-0.31%-2.94%10.86%6.76%17.13%0.39$368.6 TeamKansas City, Miss.
Invesco - International ADR Growth SMA/WRAP-0.36%2.61%12.16%8.75%14.87%0.58$5,103.3 TeamAtlanta
Harding Loevner - International Equity ADR-1.01%-0.17%11.20%7.58%16.26%0.46$6,807.4 TeamBridgewater, N.J.
Capital Group - Capital Group PCS Non-U.S. Equity Composite-1.11%-2.78%11.47%7.37%13.98%0.52$3,192.6 Los Angeles
Russell Dev ex North America Large Cap-3.29%-4.54%11.54%5.67%17.22%0.32
Russell Dev Large Cap1.22%5.16%15.88%10.53%15.33%0.68
Russell Emerging Markets Large Cap-4.66%-2.00%4.59%2.41%17.97%0.13

U.S. fixed income

Product4Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Principal Global Investors - Spectrum Preferred Securities2.80%16.48%9.41%9.24%7.96%1.15$14,606.3 TeamDes Moines, IA
Delaware Investments - Aggregate Duration U.S. Government2.32%6.41%1.85%4.01%3.73%1.05$159.9 TeamPhiladelphia
EARNEST Partners - Core Fixed Income2.21%7.26%3.51%5.30%3.13%1.67$1,813.0 TeamAtlanta
Boyd Watterson Asset Management, LLC - Ultra Enhanced Core Fixed Income - Wrap*2.02%6.33%3.59%5.05%2.57%1.93$389.4 David DirkCleveland
Segall Bryant & Hamill - Core Fixed Income1.90%6.55%2.92%4.69%3.22%1.43$1,645.0 TeamChicago
McDonnell Investment Management - Government/Credit*1.82%5.82%2.81%5.08%3.91%1.28$741.0 TeamOak Brook, IL
McDonnell Investment Management - Core Aggregate*1.78%5.84%2.37%4.38%3.28%1.31$739.0 TeamOak Brook, IL
Seix Investment Advisors LLC - Core Bond*1.77%5.70%1.92%4.28%4.12%1.02$1,286.6 TeamUpper Saddle River, N.J.
Seix Investment Advisors LLC - Core Plus Bond*1.70%5.61%2.10%4.43%4.13%1.05$2,651.0 TeamUpper Saddle River, N.J.
C.S. McKee, LP - Aggregate Fixed Income1.65%5.76%3.00%4.91%2.79%1.73$3,438.4 TeamPittsburgh, Pa.
PNC Capital Advisors, LLC - Core Fixed1.57%5.76%3.11%4.53%2.67%1.66$1,477.8 TeamBaltimore
Cincinnati Asset Management - Investment Grade Fixed Income1.55%7.69%5.01%6.91%4.41%1.55$1,353.4 Team ApproachCincinnati
Pacific Income Advisers - Market Duration MACS*1.54%5.93%2.84%4.45%3.34%1.31$176.0 TeamSanta Monica, Calif.
Delaware Investments - Intermediate Aggregate Duration U.S. Government1.50%4.35%1.50%3.26%2.65%1.20$551.9 TeamPhiladelphia
Sage Advisory Services - Core Government Credit Fixed Income*1.48%5.57%2.96%4.79%3.17%1.48$308.9 TeamAustin, Texas
Barclays Aggregate1.79%5.96%2.66%4.45%3.03%1.44

U.S. municipals

Product4Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Lord, Abbett & Co. LLC - Long Municipal MA2.18%12.74%5.46%6.24%5.92%1.04$3,902.8 Daniel S. SolenderJersey City, N.J.
Eaton Vance - Long Municipal Bonds2.08%12.60%6.01%6.20%5.38%1.14$12,796.5 James H. EvansBoston
Wasmer, Schroeder & Company, Inc. - Strategic Tax Exempt Fixed Income2.05%12.82%6.41%6.84%5.38%1.26$246.4 TeamNaples, Fla.
Sit Investment Associates, Inc. - U.S. Tax Exempt Fixed Income Intermediate2.00%11.51%5.62%6.38%4.19%1.50$610.2 TeamMinneapolis
GW&K Investment Management - Municipal Enhanced Yield Strategy1.99%14.64%6.60%7.11%6.48%1.08$137.5 TeamBoston
Nuveen Asset Management - Long Municipal Bond*1.58%12.13%5.50%5.95%5.71%1.03$2,168.3 TeamChicago
Sage Advisory Services - Core Municipal Fixed Income*1.43%9.02%4.30%5.06%4.13%1.21$170.1 TeamAustin, Texas
BlackRock - Long-Term Municipal Fixed Income1.22%8.50%3.99%5.26%4.58%1.13$1,399.0 TeamWilmington, Del.
McDonnell Investment Management - Medium Duration Municipal Bond*1.22%7.61%3.46%5.11%4.00%1.26$5,267.0 TeamOak Brook, IL
AllianceBernstein - Tax Aware Fixed Income (MA)*1.19%7.91%4.38%5.94%3.73%1.57$1,996.5 Guy DavidsonNew York
Cumberland Advisors - Tax-Free Municipal Fixed Income1.19%9.13%4.19%4.96%4.13%1.18$692.8 TeamSarasota, Fla.
Belle Haven Investments - MuniPLUS1.13%7.53%4.35%5.51%2.72%2.00$580.1 TeamWhite Plains, N.Y.
GW&K Investment Management - Municipal Bond Strategy1.13%7.68%3.77%5.56%4.24%1.29$13,070.0 TeamBoston
Lord, Abbett & Co. LLC - Intermediate Municipal MA1.10%7.78%3.37%5.12%3.96%1.27$2,068.4 Daniel S. SolenderJersey City, N.J.
Thornburg Investment Management, Inc. - Thornburg Intermediate Term Municipal*1.07%7.39%4.52%5.43%3.25%1.64$1,824.0 TeamSanta Fe, N.M.
Barclays Municipal Bond1.37%9.05%4.30%5.16%4.09%1.24

*Preliminary. The separately managed account products listed in these tables generated the highest performance for the quarter ended Dec. 31. Rankings are based on performance reported to the PrimaGuide research application by Jan. 23. In case of ties, products are listed alphabetically. Past performance is not guarantee of future results, and advisers should rely on additional factors when determining whether to include SMAs in their client portfolios. The PrimaGuide SMA universe isn't intended to be all-inclusive but rather represents a diversified group of products that are available to, and suitable for, the affluent retail investor. Source: Envestnet

Featured video


What investment tools should you add in 2018?

As you look ahead to 2018, what types of financial products would you like to add to your quiver? Financial advisers at the MarketCounsel Summit offered their perspective, but one thing is clear "choice is power."

Video Spotlight

Help Clients Be Prepared, Not Surprised

Sponsored by Prudential

Recommended Video

Path to growth

Latest news & opinion

Broker, retirement groups make last-minute pleas to change tax legislation

Pass-through provisions are target of groups representing employee-model brokerage firms, as well as retirement plan advisers.

House and Senate reach tentative compromise for tax overhaul

Lawmakers still need to get a cost analysis of their agreement, so it's not yet definite, according to a source.

Advisers' biggest fears for 2018

What keeps advisers up at night.

One adviser's story of losing his son to the opioid epidemic

John W. Brower, president and CEO of JW Brower & Associates, shares the story behind his son's death from a heroin overdose and how it inspired him to help others break the cycle of addiction.

Tax reform will boost food, chemicals, rail stocks. Technology? Not so much

Conagra and Berkshire Hathaway are two stocks that should benefit most from changes in the tax code.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print