Morningstar, Inc., a leading provider of independent investment research, yesterday announced the winners for the 2020 Pan-European Morningstar Awards for Investing Excellence. The awards recognise portfolio managers and fund firms that demonstrate excellent investment skill, the courage to differ from the consensus to benefit investors, and an alignment of interests with fund shareholders.
The awards draw from Morningstar’s qualitative forward-looking fund rating system, the Morningstar Analyst Rating™ for funds. Morningstar assigns the Analyst Rating to funds that analysts qualitatively assess, typically through manager interviews and other sources. That assessment turns on three key “pillars”—People, Process, and Parent—with the rating reflecting how well the analysts expect the fund to perform after fees, while also taking risk into account.
The winners of the 2020 Morningstar Pan-European Morningstar Awards for Investing Excellence are:
- Outstanding Portfolio Manager:
- Philippe Igigabel – HSBC GIF Euro High Yield Bond
- Rising Talent:
- Lorenzo Pagani – PIMCO GIS Euro Bond
- Outstanding Investment House:
- Baillie Gifford
“We are pleased to announce Philippe Igigabel has won the prestigious Outstanding Portfolio Manager Award. Each year, we look to recognise an individual who has produced exceptional returns over the long-term. Over his two decades’ portfolio management tenure, Igigabel has expertly implemented a selective, high-conviction and valuation-driven approach on the European high yield market. He is an impressive investor and an exceptional steward of investors’ capital.Mara Dobrescu, Director of Manager Research for EMEA and Asia
“Lorenzo Pagani, Portfolio Manager of PIMCO GIS Euro Bond, is the winner of our Rising Talent Award. This category features a list of up-and-coming managers in Morningstar’s coverage universe, with less than seven years’ tenure managing portfolios, but who have delivered exceptional results to investors over that span of time. Drawing from a larger playbook than many of his peers, Pagani has leveraged PIMCO’s extensive resources to admirably steer this strategy since taking over as its lead portfolio manager in 2017.”
“Baillie Gifford was recognised for the Outstanding Investment House Award. With a Morningstar Parent Rating of High, this asset manager has shown an unwavering focus on serving the best interests of investors, benefiting from a strong investment culture and staff turnover that is among the lowest in the industry.”Mathieu Caquineau, Associate Director of Manager Research for EMEA and Asia
The winners were revealed in a digital format on European Morningstar editorial websites.