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The aim of the PAM Awards Programme is to gather market data on the relative performance of the leading private asset management firms, including private banks, fund managers and stockbrokers.
We ask the judges to name the top managers whom they believe to be the best in each of the categories below on the basis of specific criteria:
Investment Performance: Cautious Portfolios
Investment Performance: Defensive Portfolios
Investment Performance: Growth Portfolios
Investment Performance: High Growth Portfolios
Quality and Clarity of Reporting
Investment Product or Service Innovation
Client Service Quality – HNW Clients (£500k+)
Client Service Quality – UHNW Clients (£20m+)
Image & Reputation – HNW Clients (£500k+)
Image & Reputation – UHNW Clients
Total Wealth Solutions Provider – HNW Clients (£500k+)
Total Wealth Solutions Provider – UHNW Clients (£20m+)
For the full criteria of the above categories, please contact Wendy Marston 020 7674 0400/07971 203725.
Order of Merit
The PAM Awards Programme features three classes of the leading managers in each Award category: commended, finalist and winner. There is no limit to the number of firms which can be commended or be finalists, as the decision is based solely on merit, and in rare circumstances there can be more than one winner. Equally, if the Panel decides that no firms have made a significant impact, a category may have no finalists and/or winners.
The Judging Panel
Given the greater sophistication and demands of high net worth investors, manager evaluation is carried out via a Panel of leading experts who combine their market expertise to deliver a combination of quantitative performance attribution analysis with their experience of live client portfolios held with managers in the market. To view the members of the Panel, please visit the Judging Panel page.
The Entry Process
Private asset management firms enter themselves for individual award categories via the completion of a category specific submission addressing the criteria highlighted by the Panel and an in-depth questionnaire, including approximately 65 questions across several subject areas, encapsulating: group structure & personnel; investment management process; pooled funds/unlisted securities; regulation and investor protection and fees, charges and interest. The entry process begins in the early autumn the year before the Awards. Please see How To Enter for further information on the entry process.
The Judging Process
All manager entries delivered by the deadline are presented to members of the Panel. Each entry is considered by a category sub-committee which presents their recommendations to the Panel. Firms attaining a high standard of entry will be invited to meet with the panel in the last week of January, for a short presentation and Q&A.
The Panel members review the remaining entries and rank their individual preferences in ascending order, with 1 as the highest rank. The managers are placed in order, starting with the lowest average score (the highest ranked firm).
This list is then presented to the Panel in closed plenary session. The Panel debates the respective merits of the nominated firms and determines the (unlimited) number of finalists for each Award category.
The Panel then discusses and evaluates the list of finalists, from which it chooses a winner in each Award category.
Important Notes:
The Judging Panel reserves the right to withdraw any Award given if any regulatory issues arise within the succeeding 12 months.
The criteria for the investment performance categories of the PAM Awards do not currently include any information on the consistency with which different firms match investment mandates to individual investor risk profiles. This information is not provided by managers to the Judging Panel, due to confidentiality constraints. Investors should always seek professional advice as to the suitability of any investment mandate before entering into any agreement.
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