Morningstar's Manager of the Year Vastly Underperforms Hedgeable

Morningstar recently announced their winners for 2011 Domestic Fund Manager of the Year. And the winner is, drumroll…

Scott Satterwhite, James Kieffer, and George Sertl of Artisan Funds
Artisan Mid Cap Value (ARTQX): 2011 Return: 6.42%
Artisan Value (ARTLX): 2011 Return: 5.49%
Artisan Small Cap Value (ARTVX): 2011 Return: -3.17%

According to Morningstar, the winner is picked by the entire team of mutual fund analysts. To make the most informed decision, Morningstar combs through portfolios, returns, stewardship, and their own institutional memory of these managers. They favor managers who have achieved strong risk-adjusted performance through the careful execution of a solid investment strategy and who act as responsible stewards of investors’ capital.

Hedgeable’s Domestic Stock strategies vastly outperformed all of Artisan’s offerings for last year. Our Large-Cap portfolio was up nearly 10% for the year, a 4-5% outperformance, and our Small-Cap Portfolio was up nearly 14% for the year, a 17% outperformance.