Morgan Stanley replaces River & Mercantile as FundCalibre's best equity fund manager

FundCalibre's Fund Management Equity index

Morgan Stanley has pipped last year's top performers - River & Mercantile - to first place in FundCalibre's Fund Management Equity index for 2018.

The index, which looks at asset managers with the most consistent track record of outperformance over five years, found Morgan Stanley's six equity funds outperformed their respective sectors by an average of 46.5%. River & Mercantile, whose UK equities manager Philip Rodrigs recently left the firm following an investigation into his professional conduct, was second with its five funds all outperforming their benchmarks by an average of 37%. The firm was closely followed by Baillie Gifford, who saw outperformance of 36.6% over five years versus their respective sectors while Hermes, w...