PAM Award Categories

The aim of the 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:

Award categories –
Investment Performance: Defensive Portfolios 
Investment Performance: BalancedPortfolios 
Investment Performance: Growth Portfolios 
Investment Performance: Absolute Return 
Image & Reputation – HNW Clients
Image & Reputation – UHNW Clients
Quality and Clarity of Reporting 
Investment Product or Service Innovation 
Client Service Quality – HNW Clients 
Client Service Quality – UHNW Clients 
Best Overall Wealth Solutions Provider

Deadlines -
11th September 2009 - Deadline for notification of intent to enter (category specific)
13th November 2009 – Submission/update of performance data to 3rd quarter 2009
11th December 2009 - Final entry submissions on PAMonline
29th January 2010 - Submission of 4th quarter 2009 performance data and year end figures

Investment Performance Awards
You must let us know by 11th September if you intend on entering any of the Investment Performance Awards, along with the name of the category and the product you will submit. You will also need to submit performance data if you intend on entering Image & Reputation and Best Overall Wealth Solution Provider. Late entries will not be accepted. 

Asset Risk Consultants (ARC) are assisting us with performance analysis and will be in touch following 11th September to assist you in submitting the appropriate data. 

If you have any queries regarding the requirements for the Investment Performance Awards, please contact Charlotte Calder charlotte.calder@assetrisk.com 01481 817783 or Dan Hurdley daniel.hurdley@assetrisk.com 01481 817773.

Submission for all categories
All entrants are required to notify us of their intention to enter by 11th September 2009 including which categories. You may later withdraw from a category by contacting us, but you may be restricted from entering a category if notification is received late. Late entries on performance categories will not be accepted.

All entrants are then required to complete an online questionnaire and a category-specific entry. Details of accessing this will be sent after the 11th September deadline.

Order of Merit
The PAM Awards Programme features three classes of the leading managers in each Award category: commended, shortlisted and winner.

PAM 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.

Private asset management firms enter themselves for individual award categories via the completion of an exhaustive questionnaire, including 103 questions across nine subject areas, encapsulating: group structure & personnel; investment management process; banking, custody and controls; regulation and investor protection; investment performance; fees, charges and interest; reporting and instructions; and conflicts of interest disclosures.

All manager entries delivered by the deadline are presented to members of the Panel. Each entry is examined by Panel members, who rank in ascending order of their individual preference, with 1 as the highest rank.

All of the Panel members’ votes are then returned and computed, by combining scores for each manager entry to establish an average. The managers are then 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 managers to be shortlisted for each Award category.

The Panel then discusses and evaluates the shortlisted managers, from which it chooses a winner in each Award category.