House Awards

The House Awards recognize managers of various asset classes and strategies for delivering sustained, consistent outperformance on a risk-adjusted basis while maintaining excellence in BENCHMARK’s pillars. BENCHMARK and the buy-side community believe that investment strategies are best evaluated holistically rather than over-emphasizing past returns and risk metrics. In that light, our assessment is based on multiple facets of portfolio and risk management as well as corporate strength. We see these facets as interlocking pieces forming a whole picture. BENCHMARK’s 5 pillars are Investment Approach, Performance & Risk, Portfolio Management, Stewardship and Corporate Quality.

Winning Titles
The strategy with the highest final score in its peer group wins the Best-in-Class award. Up to two Outstanding Achiever awards will be given to strategies who are within a 5% margin below the Best-in-Class.

Available Categories for 2020 are:

  1. Asia Equity 
  2. Asia Income Equity 
  3. Asia Emerging Markets Equity
  4. Asia Small & Mid Cap Equity 
  5. China Equity 
  6. China Income Equity 
  7. China Small & Mid Cap Equity 
  8. Europe Equity 
  9. Global Equity 
  10. Global Income Equity 
  11. Global Small & Mid Cap Equity 
  12. Global Emerging Markets Equity 
  13. Greater China Equity 
  14. Hong Kong Equity
  15. India Equity 
  16. Japan Equity 
  17. Thailand Equity 
  18. US Equity 
  19. US Income Equity 
  20. US Small &Mid Cap Equity 
  21. UK Equity 

 

Please note that the final naming of the award category may differ from the list displayed here.

  1. Communication Services Sector Equity 
  2. Consumer Discretionary Sector Equity 
  3. Consumer Staples Sector Equity 
  4. Energy Sector Equity 
  5. Financial Sector Equity
  6. Gold & Precious Metals Sector Equity
  7. Healthcare Sector Equity
  8. Industrials Sector Equity
  9. Information Technology Sector Equity
  10. Materials Sector Equity
  11. Real Estate Sector Equity
  12. Utilities Sector Equity

Please note that the final naming of the award category may differ from the list displayed here.

  1. Asia Fixed Income 
  2. China Fixed Income 
  3. Emerging Markets Fixed Income 
  4. Europe Fixed Income 
  5. Global Fixed Income 
  6. High Yield Fixed Income
  7. US Fixed Income 

Please note that the final naming of the award category may differ from the list displayed here.

  1. Aggressive Mixed Asset 
  2. Asia Allocation Mixed Asset 
  3. Balanced Mixed Asset 
  4. Conservative Mixed Asset 
  5. Flexible Mixed Asset 

Please note that the final naming of the award category may differ from the list displayed here

  1. Absolute Return
  2. Credit Focus
  3. Global Macro
  4. Long/Short Equity
  5. Market Neutral
  6. Multi Strategies

Please note that the final naming of the award category may differ from the list displayed here

Although this program assesses investment strategies rather funds, we ask for factsheets and other information related to the flagship fund. The flagship fund must:

  • have a minimum 3 years track record
  • have an ISIN or Lipper ID 
  • must provide a prospectus or fact sheet
 
The flagship strategy submitted does not have to be an authorized fund in the jurisdiction of competition. 

Assessment Criteria

BENCHMARK and the buy-side community believe that investment strategies are best evaluated holistically rather than over-emphasizing past returns and risk metrics. In that light, our assessment is based on multiple facets of portfolio and risk management as well as corporate strength. We see these facets as interlocking pieces forming a whole picture. There will be Five pillars of strength; each strategy is assessed upon its:

  1. Investment Approach
  2. Performance & Risk
  3. Portfolio Management
  4. Stewardship
  5. Corporate Quality

 

Methodology

In consultation with our panel of 70-80 buy-side jurors, consisting of mainly private and premier banking gatekeepers/fund selectors, family offices and institutional investors, plus a handful of independent consultants and researchers – we’ve designed a scoring system with a questionnaire containing multiple options and binary answers. There are 3 levels of scores, the final score is a weighted combination of Levels I, II and III:

Level I Score:    Fund Questionnaire
Level II: Score:  Juror Assessment
Level III Score:  The Gatekeeper’s Forum

Overall Score = 60% (Level I) + 30% (Level II)+ 10% (Level III)

Level I Score: All participants are scored based on their selections of the options preset for each question in the Fund Questionnaire. The scores also pre-defined for each option in each question along the five key pillars.  

Level II Score: Jurors who have signed up/assigned to a particular peer group will score based on the their experience with the fund house and team, and the overall Level I scores presented to them. Scoring at this level could be relatively subjective, as each juror has his/her selection priorities, often guided by their underlying needs.  For example, a private banking gatekeeper would have a different priority on criteria selection versus a single family office. 

Level III Score: All participants are invited to join The Gatekeeper’s Forum to present their strategies to the jurors. This is a highly curated forum where only the PM, CIO or Product Specialists are invited to meet the Senior Gatekeepers in person.  During the 30 minute session, a panel of 6-8 jurors will be asking in depth questions along the five key pillars for further understanding of the team practices. Jurors will score based on their satisfaction of the information received during the session.

Other Rules

Submitting Materials for Multiple Countries – If you are entering the same category for more than one country, you may use the same information, documents and flagship fund across all the countries. For example, you’ve entered your global fixed income strategy for Hong Kong, Singapore and Taiwan. You may use the same information for all three countries.

Submitting Materials for Multiple Strategies – Separate groups of jurors will evaluate different product types, so please make sure there is one submission per strategy. DO NOT send one submission to represent different strategies. Please submit separate entries for each strategy, with the exception of Pillar 5-Corporate Strength. 

Merging Categories To ensure the quality of the awards, categories with less than three funds participating maybe merged to a larger category of the same kind without prior notice

To enter the awards and for a full description of our 5 Pillars of evaluation, scoring and full methodology, please contact the following parties:

Hong Kong:                                                            Chris.Hay@wealthasia.net

Taiwan and Mainland China:                           Conan.Sun@wealthasia.net

Singapore:                                                              Chris.Lawless@wealthasia.net

To qualify for a seat on the judging panel: Cheyne.Reid@wealthasia.net    

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