BERWYN, PA — Envestnet, Inc. (NYSE: ENV) has unveiled the list of esteemed finalists for its 2024 Asset Manager of the Year Awards, a distinguished event now in its 20th year, aimed at celebrating portfolio managers who demonstrate unparalleled excellence in navigating complex market conditions and economic environments.
Scheduled for announcement at the Envestnet Elevate 2024 conference, the awards spotlight those who have shown outstanding investment management skills, particularly in a year marked by interest rate sensitivities and market volatility. To be eligible, investment strategies must undergo rigorous evaluation by Envestnet | PMC’s 28-member research team, ensuring only the most deserving nominees from a broad array of SMAs, mutual funds, ETFs, and model portfolios are considered.
“This program gives us the opportunity to highlight exceptional talents in portfolio management that contribute significantly to advisors and their clients through our Wealth Management Platform,” said Dana D’Auria, Co-Chief Investment Officer and Group President of Envestnet Solutions. She added, “This year’s finalists have set new industry benchmarks amid challenging market landscapes.”
Employing a proprietary multi-factor evaluation methodology, Envestnet’s selection process scrutinizes various aspects of a manager’s strategy and operations, including performance, investment process, firm profile, tax efficiency, and customer service.
Categories for the 2024 awards cover a wide range of investment focus areas, from Large Cap Equity and Fixed Income to Sustainable and Liquid Alternatives, reflecting the diverse strategies employed by modern asset managers to meet investor needs. Notable finalists include Jennison Large Cap Growth Equity SMA, Principal Aligned Mid Cap, Causeway International Value ADR Strategy, and Eaton Vance Global Macro Absolute Return Advantage Fund, among others.
The winners, chosen for their innovative approaches and consistent performance, will be declared by Envestnet | PMC leaders at the Elevate conference, setting a precedent for investment excellence in the industry. This recognition not only highlights the importance of adaptability and ingenuity in asset management but also emphasizes the critical role of thorough research and evaluation in identifying top-performing managers who can navigate the intricacies of today’s financial markets effectively.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and Microsoft Start.