Stocks may be slipping on Wall Street, but the world’s finest fundmanagers were still out in force last night.
LSEG Lipper announced the winners of the 2025 LSEG Lipper Fund Awards for the United States at a gala in New York’s financial district last evening. These annual awards acknowledge top-performing funds that consistently deliver strong risk-adjusted returns compared to their peers. They also celebrate the success of portfolio managers and fund management companies who posted the strongest risk-adjusted returns in the industry.
And while the LSEG Lipper Fund Awards are quantitatively based, the award winners are not determined by merely picking the funds with the highest returns within their U.S. mutual fund classifications. According to LSEG Lipper, the calculation methodology ensures that the winners are funds that have provided superior consistency and risk-adjusted returns compared to a group of similar funds, which is more in line with how investors view financial gains and losses.
LSEG Lipper data covers more than 380,000 share classes in more than 83 countries. The Lipper Leader ratings are available for mutual funds and ETFs registered for sale in 45 markets.
“The number of fund management groups in each category highlights the strong competition for the LSEG Lipper Fund Awards, which honor fund managers who demonstrate excellence in the industry. These awards celebrate the achievements of the asset management industry, recognizing firms that showcase a strategic investment approach and deliver exceptional results,” Emily Prince, group head of analytics at LSEG said.
As for last night’s big winners, Dimensional Fund Advisors LP took the top billing as the best large fund family equity group for the third consecutive year, while Brandes Investment Partners LP, competing against 188 other fund families, took home top prize for the best small fund family equity group.
Over in the fixed income space, Massachusetts Financial Services Co. was the best bond large asset fund manager, outperforming 23 competitors.
Moving on, Franklin Templeton Investment Management Ltd won the trophy for the best mixed-assets large fund manager group, while Saratoga Capital Management LLC took home the hardware for the best mixed-assets small fund family group.
TIAA-CREF Investment Management LLC was named the best overall large fund management group for 2025, while Eaton Vance Management took the top billing for the best overall small fund management group.
Finally, Fidelity Mutual Funds were awarded 32 Lipper Fund Awards. A total of 23 Fidelity mutual funds were recognized by Refinitiv Lipper range across a variety of asset classes and styles, from equities, fixed income and asset allocation to international, high income and sector funds.
Bart Grenier, head of asset management at Fidelity Investments, commented on his company’s performance, saying, "This year, our investment professionals continued to deliver strong, long-term, risk-adjusted investment performance for Fidelity’s shareholders. The Lipper Fund Awards reinforce our investment and research teams’ commitment and dedication to enhancing our customers’ financial well-being."
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