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.
This article has been prepared by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426 and the information contained within is current as at 26 November 2019. It is not to be published, or otherwise made available to any person other than the party to whom it is provided.
PFSL is the responsible entity and issuer of units in the Pendal Sustainable Australian Fixed Interest Fund (Fund) ARSN: 612 664 730. A product disclosure statement (PDS) is available for the Fund and can be obtained by calling 1800 813 886 or visiting www.pendalgroup.com. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in the Fund. An investment in the Fund is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested.
This article is for general information purposes only, should not be considered as a comprehensive statement on any matter and should not be relied upon as such. It has been prepared without taking into account any recipient’s personal objectives, financial situation or needs. Because of this, recipients should, before acting on this information, consider its appropriateness having regard to their individual objectives, financial situation and needs. This information is not to be regarded as a securities recommendation.
The information in this article may contain material provided by third parties, is given in good faith and has been derived from sources believed to be accurate as at its issue date. While such material is published with necessary permission, and while all reasonable care has been taken to ensure that the information in this article is complete and correct, to the maximum extent permitted by law neither PFSL nor any company in the Pendal group accepts any responsibility or liability for the accuracy or completeness of this information.
Any projections contained in this article are predictive and should not be relied upon when making an investment decision or recommendation. While we have used every effort to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The actual results may differ materially from these projections.