Citywire Fund Manager ratings identify the individual managers who have the best risk adjusted personal performance record over three years. All managers who run actively managed retail funds that are registered for sale in the UK and have a Sterling Share Class qualify to be rated.
In order to be rated, a fund manager will need to beat his or her benchmark over a three-year period. A benchmark is often the relevant stockmarket index. Fewer than 25% of fund managers tracked actually achieve this, and managers in this select group will either receive a Citywire+, A, AA, or the top AAA rating.
The four ratings bands are assigned in the following way:
- the top 10% of managers in this elite group will gain the highest AAA rating
- the next 20% will be awarded the AA rating
- the following 30% will get a single A rating
- the remaining 40% will gain a Citywire+ rating
Source: Citywire, September 2014.