*AsianInvestor awards are based on one-, three-, and five-year performance and risk-adjusted performance metrics such as information ratio.
***The Dynamic Large Cap Value Equity strategy earned a 2014 U.S. Investment Management award among Large Cap Value peers. A short-list of top performing managers in each of the listed categories has been identified by Institutional Investor magazine's editorial and research teams in consultation with eVestment’s research team. The award panel analyzes investment strategies based on factors suc h as one-, three- and five-year performance, Sharpe ratio, information ratio, standard deviation, and upside market capture.
++Legg Mason Brandywine Global Fixed Income Fund wins in the International Bonds category. Award given among U.K. authorized and FSA-recognized funds with distributor status and £20 million minimum in assets under management. Shortlisting for the award involves a purely quantitative screening, weighting the past three years of performance and the Sortino ratio—2015 is 40%, 2016 is 30%, 2017 is 20%, and the fund’s Sortino ratio is 10. Shortlisted candidates are invited to respond to a questionnaire on why they should win, which adds a qualitative element to the judging process.