Fund Action And Fund Directions Announce Winners Of 13th Annual Mutual Fund Industry Awards

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Last night winners of the 13th Annual Mutual Fund Industry Awards were announced. The awards were given out by Fund Action and Fund Directions, publications of Institutional Investor News covering the U.S. mutual fund industry. The awards recognized the fund leaders, marketers and trustees who have made a significant impact on the fund industry in the past year.

The winners were as follows:

Fund Leader of the Year

George Gatch, President and CEO JPMorgan Funds.

Gatch oversaw the largest merger in the history of the fund industry, quickly bringing together One Group Mutual Funds and JPMorgan Funds.

Fund Marketer of the Year

Hugh Kelly, executive VP of sales and marketing, HCA Securities

Small Harbor Fund, a family of 13 no-load subadvised mutual funds, created a distribution prototype that even the largest fund companies are now eyeing. Kelly, executive v.p. of sales and marketing at distributor HCA Securities, put into place an infrastructure that recognizes that the fund industry is becoming a load-waived business.

Lifetime Achievement: Fund Executive

Michael Price, former chairman of the Franklin Mutual Advisors. Price’s performance record of a compounded growth rate of 19.9% and a history of low fees are his legacy to the mutual fund industry.

Deal Of The Year

Legg Mason/Citigroup

The $3.8 billion deal Legg Mason acquired Citigroup’s asset management business while Citigroup acquired Legg’s retail brokerage operations and capital markets business, 18 million shares of Legg Mason stock and $550 million in cash.

Ad Campaign Of The Year

Fidelity Investments

Fidelity featured Paul McCartney in a campaign that brought celebrity cachet to fund advertising, an element rarely seen in the industry.

Sales Success Of The Year

streetTRACKS Gold Shares

In 2005, termed by some as the year of the exchange-traded fund, streetTRACKS Gold Shares attracted investor interest and sparked the collective imagination of the industry to launch new products using commodities as an asset class.

SMA Player of the Year

Janet Mariconti, chair of the CFA Institute Liaison Committee and senior v.p.,at Prudential Investments.

Mariconti spearheaded three years of work on performance standards that culminated with a major victory for the retail separately managed accounts industry. Working on behalf of the Money Management Institute she lead the industry as it fought for—and won—workable guidelines on performance presentation standards from the CFA Institute.

Trustee of the Year:

Clayton Yeutter, Independent Chairman of OppenheimerFunds.

Yeutter pushed through an initiative to consolidate the complex’s four boards into three. He is now serving as the chairman of the newly combined board.

Small Board Trustee Of The Year

Leigh Wilson, Independent Chairman of the Victory Funds, Old Mutual Advisor Funds II and Old Mutual Insurance Series Funds,

Wilson joined the Old Mutual board last year as independent chair and led the directors through a rigorous selection process of new subadvisors for the funds.

Lifetime Achievement: Independent Trustee

Alan Richards, Lead Independent Trustee of Pacific Select Funds and Pacific Funds.

Richards received the lifetime achievement award for his strong advocacy for trustee independence and instrumental role in helping develop and implement Pacific Select’s unique fee reduction program.

For more information about the awards, please visit:

About the publications:

Fund Action covers important news and trends in the U.S. mutual fund industry including the top fund firms, mergers & acquisitions, executive compensation, industry alliances, fund families at banks and full-service brokerage firms, top-level personnel moves, legislation and technology.

Please visit the website at:

Fund Directions is the premiere independent publication covering issues of concern to mutual fund boards and reports on the key issues in mutual fund governance from an independent trustee's perspective. Please visit the website at:


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