Pendal Portfolio Manager receives highest accolade for consistent career-long performance
Pendal’s very own George Bishay has been awarded the Alpha Manager status of endorsement by Money Management’s parent, FE fundinfo. This accolade is in recognition of George’s career-long performance record in the asset management industry.
George was one out of 11 Australia-based investment professionals included in this list across multiple asset classes, after being assessed on his ability to create risk-adjusted alpha (outperformance) over his entire career track record.
FE Fundinfo, creators of the inaugural Alpha Manager award, determined this exclusive list by only focusing on the top 10% of Australia’s retail-facing portfolio managers and analysing their track record.
Shifting the short term focus
The Alpha Manager status has been intentionally designed to recognise career-long performance. Rather than just picking this year’s winners in the investment industry, the Alpha Manager status has been reserved for the select few who have demonstrated a compelling track record of performance throughout their career.
George’s investment management career spans over 22 years with Pendal and its predecessor firms. He is responsible for management of credit, fixed interest and enhanced cash portfolios, including Pendal’s highly regarded Enhanced Cash Fund and Sustainable Australian Fixed Interest Fund.
Diving deeper generates true rewards
While being highly appreciative of the award, George puts his results down to a “fastidious approach” to assessing information and constantly rejecting the human tendency to accept information at face value. “You can’t underestimate the value of digging deeper when it comes to assessing issuers and security structures”. Also critical to his success is the team’s top down process that utilises a quantitative model backbone, qualitative overlay and technical analysis.
A similar mindset applies to holistically integrating ESG and impact investment analysis. Although it is very topical these days to espouse the virtues of sustainability, George and the Pendal Bonds, Income & Defensive Strategies team argue the importance of authenticity when it comes to delivering long term results within a sustainability framework. “Long before sustainability was in vogue, we have been focused on delivering tangible rather than tokenistic outcomes.” George has managed dedicated Sustainable (ESG) fixed interest portfolios since 2009.