Separately managed accounts: 4Q
U.S. large-cap equity Product 4Q return 1-year return 3-year…
U.S. large-cap equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Mount Lucas Management Corp. – MLM Focused Equity* | 5.12% | 16.50% | 10.53% | 1.11% | 27.73% | 0.02 | $414.0 | Team | Newtown, Pa. |
| Neuberger Berman – Select Equities Portfolio | 4.43% | 16.57% | 7.82% | 0.92% | 17.91% | 0.02 | $243.0 | Team | New York |
| Snow Capital Management – Large Cap Value | 4.42% | 19.76% | 7.74% | -0.61% | 29.01% | -0.04 | $432.0 | Team | Sewickley, Pa. |
| TCW Investment Management Co. – TCW Concentrated Value | 3.91% | 17.76% | 7.79% | -2.15% | 26.41% | -0.10 | $1,047.1 | Team | Los Angeles |
| Torray LLC – TorrayResolute Concentrated Large Growth | 3.82% | 21.13% | 12.10% | 4.63% | 20.73% | 0.20 | $113.7 | Nicholas C. Haffenreffer | Bethesda, Md. |
| Neuberger Berman – Large Cap Value Equity | 3.65% | 16.25% | 9.88% | -0.07% | 21.65% | -0.03 | $2,306.0 | Eli Salzmann | New York |
| Columbia Management Investment Advisers LLC – Seligman Large Cap Value Equity | 3.60% | 16.34% | 12.45% | 2.49% | 25.43% | 0.08 | $3,785.7 | Team | Boston |
| Horizon Asset Management LLC – Large Cap Core | 3.36% | 24.83% | 10.45% | -1.94% | 26.99% | -0.09 | $319.8 | Murray Stahl | New York |
| TCW Investment Management Co. – TCW Relative Value Large Cap | 3.09% | 20.31% | 11.11% | 1.38% | 26.08% | 0.03 | $4,529.2 | Diane Jaffee | Los Angeles |
| Armstrong Shaw Associates Inc. – Large Cap Equity Value | 3.05% | 21.61% | 10.42% | 1.13% | 23.31% | 0.03 | $2,532.9 | Jeffrey M. Shaw | New Canaan, Conn. |
| Ceredex Value Advisors – Large Cap Value Equity Strategy | 2.91% | 17.19% | 11.50% | 3.57% | 21.36% | 0.14 | $3,197.6 | Mills Riddick, CFA | Orlando, Fla. |
| Flippin Bruce & Porter Inc. – Large Cap Value | 2.57% | 12.72% | 4.33% | -1.67% | 25.65% | -0.09 | $163.4 | Team | Lynchburg, Va. |
| AllianceBernstein – Strategic Research* | 2.56% | 21.30% | 9.32% | 0.72% | 27.06% | 0.01 | $3,161.2 | Catherine Wood | New York |
| Invesco – Van Kampen Large Cap Value SMA/Wrap | 2.54% | 19.78% | 11.28% | 2.68% | 22.10% | 0.10 | $428.8 | Team | Atlanta |
| Great Lakes Advisors – Large Cap Value | 2.44% | 15.53% | 12.23% | 1.78% | 22.00% | 0.06 | $1,499.3 | Team | Chicago |
| S&P 500 | -0.38% | 16% | 10.87% | 1.66% | 21.81% | 0.05 |
U.S. mid-cap equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| SouthernSun Asset Management – SMID Cap* | 7.67% | 19.55% | 21.53% | 11.19% | 30.60% | 0.35 | $677.3 | Michael W. Cook | Memphis, Tenn. |
| Seizert Capital Partners LLC – Mid Cap Core | 7.05% | 22.74% | 13.65% | 7.23% | 26.22% | 0.26 | $1,528.1 | Team | Birminhgam, Mich. |
| AllianceBernstein – Small to Mid Cap Value* | 6.63% | 21.90% | 13.53% | 7.57% | 28.99% | 0.24 | $3,148.1 | James W. MacGregor | New York |
| Ceredex Value Advisors – Mid Cap Value | 6.31% | 23.07% | 14.15% | 7.76% | 26.68% | 0.27 | $2,649.0 | Donald A. Wordell, CFA | Orlando, Fla. |
| Penn Capital Management – Penn Small to Mid Cap Core Equity | 6.23% | 15.57% | 9.22% | -0.04% | 34.13% | -0.02 | $972.6 | Team | Philadelphia |
| Buckhead Capital Management – Small/ Midcap Value | 6.14% | 16.58% | 6.79% | 3.14% | 24.38% | 0.11 | $152.0 | Team | Atlanta |
| Pinnacle Associates Ltd. – Small Mid Cap Equity | 6.08% | 25.51% | 16.24% | 5.80% | 30.76% | 0.17 | $2,504.0 | Team | New York |
| Third Avenue Management LLC – Value | 5.56% | 23.87% | 7.93% | -2.87% | 28.15% | -0.12 | $4,614.2 | Michael Lehmann | New York |
| RS Investments – Mid Cap Value* | 4.84% | 15.32% | 9.66% | 1.81% | 26.63% | 0.05 | $1,842.8 | Team | San Francisco |
| Janus Capital Management – Mid Cap Growth MA (Retail) | 4.74% | 17.30% | 12.73% | 2.97% | 26.43% | 0.09 | $3,844.1 | Brian Demain | Denver |
| Robeco Investment Management Inc. – BP Mid Cap Value Equity | 4.65% | 19.77% | 14.97% | 8.03% | 24.47% | 0.31 | $3,422.4 | Team | New York |
| Legg Mason Inc. – ClearBridge Mid Cap Core | 4.49% | 19.97% | 13.93% | 6.13% | 24.32% | 0.23 | $135.0 | Team | Baltimore |
| BMO Asset Management U.S. – Mid Cap Value | 4.48% | 20.43% | 11.86% | 4.25% | 25.17% | 0.15 | $296.9 | Team | Chicago |
| Ariel Investments – Ariel Small/Mid Cap Value Wrap* | 4.04% | 19.45% | 11.54% | 4.19% | 35.41% | 0.10 | $1,936.5 | John W. Rogers Jr. | Chicago |
| Earnest Partners – Mid Cap Core | 3.99% | 16.34% | 13.94% | 4.71% | 26.21% | 0.16 | $1,173.0 | Paul Viera | Atlanta |
| Russell Midcap | 2.88% | 17.28% | 13.15% | 3.57% | 26.14% | 0.12 |
U.S. small-cap equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| SouthernSun Asset Management – Small Cap* | 7.99% | 21.05% | 24.57% | 10.28% | 32.59% | 0.30 | $1,315.0 | Michael W. Cook | Memphis, Tenn. |
| Keeley Asset Management Corp. – Institutional Corporate Restructuring – Small Cap | 7.53% | 27.25% | 15.37% | 2.96% | 31.59% | 0.08 | $3,601.7 | John Keeley Jr. | Chicago |
| GW Capital Inc. – Small Cap Equity | 5.87% | 20.06% | 13.43% | 4.17% | 29.89% | 0.12 | $1,075.8 | Team | Bellevue, Wash. |
| Tocqueville Asset Management LP – Small Cap Value | 5.69% | 16.43% | 6.35% | 0.75% | 26.46% | 0.01 | $102.3 | Team | New York |
| Golden Capital Management LLC – Small Cap Core | 5.65% | 15.73% | 13.75% | 1.97% | 26.65% | 0.05 | $151.1 | Mr. Greg W. Golden | Charlotte, N.C. |
| Scout Investments – Scout Small Cap | 5.63% | 19.53% | 12.40% | 0.85% | 25.71% | 0.01 | $253.0 | Team | Kansas City, Miss. |
| Penn Capital Management – Penn Small Cap Opportunistic Equity | 5.52% | 23.37% | 16.73% | 4.17% | 37.34% | 0.10 | $688.2 | Team | Philadelphia |
| Earnest Partners – Small Cap Core | 5.46% | 16.13% | 11.85% | 4.29% | 26.49% | 0.14 | $425.0 | Paul Viera | Atlanta |
| Cambiar Investors LLC – Small Cap Value | 5.25% | 14.46% | 16.39% | 8.50% | 28.59% | 0.28 | $1,915.0 | Team | Denver |
| Earnest Partners – Small Cap Value | 5.22% | 14.64% | 12.68% | 3.89% | 25.33% | 0.13 | $2,899.0 | Paul Viera | Atlanta |
| Ariel Investments – Ariel Small Cap Value Wrap* | 4.88% | 21.64% | 12.77% | 5.35% | 35.78% | 0.14 | $868.5 | John W. Rogers Jr. | Chicago |
| Brandywine Global Investment Management – Small Cap Value Equity | 4.74% | 18.20% | 13.61% | 7.91% | 23.33% | 0.32 | $772.2 | Team | Philadelphia |
| PNC Capital Advisors LLC – Small Cap Portfolio | 4.69% | 23.58% | 18.23% | 6.60% | 25.27% | 0.24 | $291.6 | Team | Baltimore, Md. |
| Dalton Greiner Hartman Maher & Co. – Micro Capitalization | 4.68% | 23.88% | 14.72% | 2.83% | 22.46% | 0.10 | $104.5 | Team | New York |
| Steinberg Asset Management LLC – Small-Cap Value Equity* | 4.43% | 12.79% | 16.45% | 1.73% | 26.98% | 0.04 | $148.4 | Michael A. Steinberg | New York |
| Russell 2000 | 1.85% | 16.35% | 12.25% | 3.56% | 26.39% | 0.12 |
International global emerging-markets equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| HGK Asset Management Inc. – International Equity | 11.56% | 24.40% | 4.88% | -0.04% | 26.14% | -0.02 | $477.8 | Richard Bruce | Jersey City, N.J. |
| Legg Mason Inc. – ClearBridge International ADR* | 10.06% | 23.21% | 6.36% | -0.13% | 25.05% | -0.03 | $463.6 | Team | Baltimore |
| Invesco – International Equity | 9.10% | 15.91% | 1.64% | -3.70% | 25.12% | -0.17 | $437.8 | Team | Atlanta |
| Franklin Templeton Investments – Templeton International ADR Equity SMA Composite | 8.90% | 20.77% | 4.33% | -2.95% | 24.62% | -0.14 | $802.6 | Team | San Mateo, Calif. |
| J.P. Morgan Asset Management – International ADR | 8.83% | 20.19% | 4.27% | -2.57% | 26.92% | -0.11 | $13,194.5 | James Fisher | New York |
| J.P. Morgan Asset Management – International Value Managed Account | 8.27% | 17.48% | 3.80% | -3.58% | 26.78% | -0.15 | $5,945.9 | Gerd Woort-Menker | New York |
| Glovista Investments LLC – Emerging Markets Equities* | 8.03% | 21.53% | 5.99% | 12.32% | 32.67% | 0.36 | $357.4 | Team | Jersey City, N.J. |
| Parametric Portfolio Associates – Tax Managed EAFE ADRs* | 7.91% | 19.50% | 4.29% | -3.65% | 26.36% | -0.16 | $634.3 | Team | Seattle, Wash. |
| Philadelphia International Advisors LP – International Equity ADR | 7.63% | 13.03% | 2.19% | -3.79% | 26.91% | -0.16 | $383.6 | Andrew B. Williams | Philadelphia |
| AllianceBernstein – International Value ADR* | 7.53% | 14.09% | -0.11% | -7.95% | 29.62% | -0.29 | $982.9 | Sharon Fay | New York |
| Scout Investments – International ADR | 7.40% | 20.92% | 7.17% | 1.36% | 26.10% | 0.03 | $173.0 | Team | Kansas City, Mo. |
| Brandes Investment Partners – European Equity | 7.38% | 19.80% | 3.03% | -3.61% | 29.96% | -0.14 | $238.0 | Team | San Diego |
| Scout Investments – Scout International | 7.36% | 22.53% | 7.48% | 1.33% | 25.54% | 0.03 | $8,363.0 | Team | Kansas City, Mo. |
| MFS Investment Management – MFS Research International Portfolio (ADR only) | 7.33% | 17.42% | 5.20% | -3.28% | 26.28% | -0.14 | $1,051.1 | Team | Boston |
| Lazard Asset Management – International Equity Select ADR | 7.29% | 22.42% | 7.51% | -0.17% | 22.29% | -0.03 | $2,542.1 | Team | New York |
| Russell Developed ex North America Large Cap | 6.54% | 17.67% | 3.76% | -3.51% | 26.77% | -0.15 | |||
| Russell Developed Large Cap | 2.62% | 16.16% | 7.19% | -0.97% | 24.2% | -0.06 | |||
| Russell Emerging Markets Large Cap | 5.6% | 17.84% | 5.08% | -0.9% | 31.92% | -0.04 |
U.S. fixed income
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Payden & Rygel – High Yield | 3.08% | 15.20% | 10.97% | 7.86% | 11.13% | 0.66 | $2,424.0 | Sabur Moini | Los Angeles |
| Penn Capital Management – Penn Opportunistic High Yield Fixed Income | 3.03% | 15.27% | 11.96% | 9.89% | 16.81% | 0.56 | $969.9 | Team | Philadelphia |
| First Western Capital Management – High Yield Fixed Income | 2.66% | 16.25% | 12.32% | 9.87% | 12.07% | 0.78 | $321.3 | Steven S. Michaels | Los Angeles |
| Seix Investment Advisors LLC – High Yield Bond Management* | 2.62% | 12.65% | 10.46% | 8.62% | 8.59% | 0.94 | $13,887.1 | Team | Upper Saddle River, N.J. |
| Shenkman Capital Management Inc. – High Yield Bond Strategy | 2.50% | 12.45% | 10.31% | 8.96% | 9.40% | 0.90 | $19,760.7 | Team | Stamford, Conn. |
| Pacific Income Advisers – U.S. High Yield | 2.42% | 14.64% | 11.87% | 10.71% | 14.06% | 0.72 | $478.0 | Team | Santa Monica, Calif. |
| First Western Capital Management – High Yield Short Duration | 2.38% | 15.26% | 10.05% | 9.15% | 9.34% | 0.92 | $217.9 | Steven S. Michaels | Los Angeles |
| Gannett Welsh & Kotler LLC – Total Return Bond Strategy | 2.04% | 10.67% | 9.40% | 9.20% | 4.59% | 1.89 | $663.8 | Team | Boston |
| Three Peaks Capital Management LLC – High Yield Bond | 1.69% | 8.29% | 8.52% | 6.46% | 9.09% | 0.65 | $1,186.0 | Team | Castle Rock, Colo. |
| Thornburg Investment Management Inc. – Thornburg Limited Term Income* | 1.35% | 8.42% | 7.22% | 7.14% | 3.88% | 1.71 | $3,083.8 | Team | Santa Fe, N.M. |
| Gannett Welsh & Kotler LLC – Enhanced Core Bond Strategy | 1.28% | 8.95% | 8.66% | 8.67% | 3.99% | 2.04 | $717.1 | Team | Boston |
| Diamond Hill Capital Management Inc. – Strategic Income | 1.24% | 9.36% | 8.90% | 7.02% | 11.82% | 0.55 | $201.8 | Team | Columbus, Ohio |
| Principal Global Investors – Spectrum Preferred Securities | 1.23% | 17.03% | 11.60% | 7.97% | 23.19% | 0.32 | $14,285.7 | Team | Des Moines, Iowa |
| Garcia Hamilton & Associates LP – Fixed Income Aggregate | 1.17% | 10.49% | 7.99% | 8.37% | 3.79% | 2.07 | $1,281.6 | Gilbert Garcia | Houston |
| Cumberland Advisors – Taxable Fixed Income | 1.16% | 6.66% | 9.21% | 8.07% | 5.07% | 1.49 | $435.6 | Team | Vineland, N.J. |
U.S. municipals
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Haverford – Haverford Quality Tax-Free Municipal | 1.32% | 5.01% | 4.78% | 4.76% | 2.13% | 1.99 | $468.1 | Team | Radnor, Pa. |
| Wasmer Schroeder & Co. Inc. – Strategic Tax Exempt Fixed Income | 1.04% | 10.21% | 8.39% | 6.99% | 5.81% | 1.11 | $205.7 | Team | Naples, Fla. |
| Lord Abbett & Co. LLC – Long Municipal MA | 1.01% | 9.49% | 8.11% | 6.85% | 6.65% | 0.95 | $5,686.6 | Daniel S. Solender | Jersey City, N.J. |
| Thornburg Investment Management Inc. – Thornburg Intermediate Term Municipal* | 0.88% | 6.58% | 6.74% | 6.11% | 4.25% | 1.31 | $1,718.4 | Team | Santa Fe, N.M. |
| Nuveen Asset Management – Long Municipal Bond | 0.77% | 9.42% | 7.54% | 5.93% | 7.26% | 0.75 | $49,502.3 | Team | Chicago |
| Belle Haven Investments – MuniPlus | 0.75% | 5.35% | 6.64% | 6.32% | 3.46% | 1.67 | $353.3 | Team | White Plains, N.Y. |
| McDonnell Investment Management – Medium Duration Municipal Bond* | 0.60% | 4.89% | 6.69% | 6.17% | 4.68% | 1.21 | $5,807.0 | Team | Oak Brook, Ill. |
| Cumberland Advisors – Tax-Free Municipal Fixed Income | 0.58% | 6.16% | 6.15% | 5.59% | 4.93% | 1.03 | $776.2 | Team | Vineland, N.J. |
| Dana Investment Advisors Inc. – Municipal Bond | 0.57% | 2.97% | 3.72% | 3.92% | 2.04% | 1.67 | $295.8 | Team | Brookfield, WI |
| Gannett Welsh & Kotler LLC – Municipal Bond Strategy | 0.55% | 5.55% | 7.38% | 6.71% | 5.29% | 1.17 | $11,253.2 | Team | Boston |
| Thomas Weisel Partners LLC – California Intermediate Tax exempt | 0.54% | 4.22% | 4.88% | 4.87% | 3.18% | 1.37 | $134.4 | Team | San Francisco |
| Franklin Templeton Investments – Franklin Intermediate Municipal Fixed Income | 0.53% | 4.82% | 6.01% | 5.54% | 4.41% | 1.14 | $3,670.8 | Team | San Mateo, Calif. |
| Lord Abbett & Co. LLC – Intermediate Municipal MA | 0.47% | 4.63% | 6.73% | 6.38% | 4.49% | 1.30 | $1,459.5 | Daniel S. Solender | Jersey City, N.J. |
| Eaton Vance – TABS Intermediate Maturity | 0.46% | 4.18% | 7.09% | 7.22% | 4.80% | 1.39 | $1,778.5 | Team | Boston |
| Capstone Asset Management Co. – Municipal Fixed Income | 0.40% | 2.75% | 3.64% | 4.22% | 2.75% | 1.35 | $287.9 | Team | Houston |
| Barclays Municipal Bond | 0.67% | 6.78% | 6.57% | 5.91% | 5.1% | 1.06 | |||
| *Preliminary. The separately managed account products listed in these tables generated the highest performance for the quarter ended Dec. 31 2012. Rankings are based on performance reported to Envestnet | Prima by January 31, 2013. In case of ties, products are listed alphabetically. Past performance is not a guarantee of future results, and advisers should rely on additional factors when determining whether to include SMAs in their client portfolios. Envestnet | Prima’s 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 l Prima |
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