Coveted Raging Bull Award honours for Melville Douglas
Melville Douglas, Standard Bank’s Jersey-based boutique investment manager, has been named as winner in the Offshore Manager of the Year category at the annual Raging Bull Awards. The firm took first place on the strength of its entire offshore fund returning the best risk-adjusted returns for clients over the past five years.
Known as the ‘Oscars’ of the unit trust industry, the Raging Bull Awards provide a platform for the South African financial services industry to recognise the achievements of collective investment scheme managers. Melville Douglas is a wholly-owned subsidiary of Standard Bank Group of South Africa and has offices in Jersey and South Africa.
“We’re absolutely thrilled to win such a coveted award, which is a massive stamp of approval and a real endorsement for our International Global Investment team which has a long-term presence in Jersey,” said Chris Stead, Head of Portfolio Management at Melville Douglas. “We always strive to deliver consistent investment performance for our clients who we thank for their unwavering commitment.
“To be recognised by such a highly regarded industry body for superior risk-adjusted returns over a long-term investment horizon is something we are extremely proud. Indeed, we have worked seamlessly as a single investment business and this is very much an award which reflects the commitment and output of our entire team, both in Jersey and South Africa.”
The Offshore Manager category is awarded on the basis of a manager’s average PlexCrown rating for managing foreign-currency funds domiciled offshore and approved for South African investors.
Stead said this latest accolade further entrenches the Melville Douglas philosophy to grow clients’ wealth without taking undue risk.
“Individuals, families, trustees, charities and institutions come to us because we provide investment skills, and thoughtful, personal service. This approach is central to establishing long-lasting relationships built on confidence, trust and a commitment to meeting our clients’ needs. We really do mean it when we say: it’s personal.”
Melville Douglas was established in 1983 and acquired by Standard Bank in 2001. Today, its flagship offering – the Global Equity Fund – is one of the best performing funds in its field with over $1 billion in assets under management.
“I have no doubt that this award will spur our team onto greater heights and a recommitment to building stronger relationships with clients and their families. All the while, we will remain steadfast in our investment approach that’s powered by a deep-seated commitment to fundamental research, underpinned by decisions based on balance, and guided by a long-term view on investments.”
Melville Douglas is a registered business name of Standard Bank Jersey Limited which is regulated by the Jersey Financial Services Commission and registered in Jersey No 12999. Standard
Bank House, 47-49 La Motte Street, St Helier, Jersey, JE2 4SZ.