The first Raging Bull Awards ceremony was held in 1997, with awards given to the top performers over three years and the most consistent performers over three years.
Personal Finance’s founding editor, Bruce Cameron, initiated the awards. Bruce’s motivation was to provide investors with a guide to funds that deliver good, sustainable performance without too much risk.
The then Association of Collective Investments (later the Association for Savings & Investment SA) was a partner in the Raging Bull Awards, providing invaluable input on the criteria and methodology for the awards.
A few years ago, Asisa decided that it would not be associated with any awards. Asisa representatives, however, continue to be honoured guests at the Raging Bull Awards each year.
For many years, the awards have enjoyed the support of two major sponsors, ProfileData and PlexCrown Fund Ratings, both of provide the data used to determine the winners of the awards and the recipients of certificates for top performance.
The methodology used to determine the awards has matured over the years to ensure that they remain a relevant and fair test of manager skill.
Awards are now made on the basis of outright (straight) performance in a number of major unit trust categories and on the basis of risk-adjusted performance in the asset allocation and other key sub-categories as measured by the PlexCrown ratings.
Competition has increased dramatically over the years. There were fewer than 50 unit trust funds when the awards were first presented; now there are more than 1000.
The awards remain coveted, and the roll of honour is limited to a select few funds and managers who have proved their abilities over longer periods. These are the managers that investors can choose with confidence. View the full list of previous award winners.
The 21st annual awards dinner was held in Johannesburg on 25 January 2017.
Personal Finance, a publication of Independent Media, is included in the Saturday Star and the Pretoria News Weekend in Gauteng, the Saturday Argus in the Western Cape and The Independent on Saturday in KwaZulu-Natal. The publication is available on the My.Independent app. Personal Finance also publishes Personal Finance Magazine, a quarterly magazine available from leading bookstores and retailers nationwide.
ProfileData, is part of the Profile Group, which supplies financial data and investor information via its two main operating subsidiaries, Media and Data. Profile Media is involved in both traditional and online publishing. The company’s activities include publication of several leading investment data handbooks, and design and maintenance of web sites for corporate clients. ProfileData undertakes research and delivers investment data as customised datafeeds and web pages. Core delivery areas include JSE data, local and international time series and performance data, unit trust data, company fundamentals, and customised database systems integration. Profile enjoys support from a wide range of local and international clients including many of SA’s leading financial institutions and investment houses as well as banks, stockbrokers, JSE listed companies and mainline financial media in both print and electronic format. Strategic partnerships with international data suppliers give the Profile Group access to international market data and leading technology solutions for redistribution to its customers and clients. For more information see www.profile.co.za; www.sharedata.co.za; and www.fundsdata.co.za.
PlexCrown Fund Ratings is a leading retail unit trust fund rating agency in South Africa. It produces independent, unbiased and objective ratings based on a combination of various recognised statistical measures. Since 2005, PlexCrown Fund Ratings has been at the forefront of statistical research in the unit trust industry, developing rating and information products to serve investors, investment advisers, investment managers, regulatory authorities and life offices.
The Raging Bull Awards recognise the top performers on both outright performance and risk-adjusted performance … [More]