Top 15 domestic equity SMAs
Large-cap, midcap and small-cap equities, ranked by fourth-quarter returns
U.S. large-cap equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Mount Lucas Management Corp. – MLM Focused Equity* | 5.12% | 16.50% | 10.53% | 1.11% | 27.73% | 0.02 | $414.0 | Team | Newtown, Pa. |
| Neuberger Berman – Select Equities Portfolio | 4.43% | 16.57% | 7.82% | 0.92% | 17.91% | 0.02 | $243.0 | Team | New York |
| Snow Capital Management – Large Cap Value | 4.42% | 19.76% | 7.74% | -0.61% | 29.01% | -0.04 | $432.0 | Team | Sewickley, Pa. |
| TCW Investment Management Co. – TCW Concentrated Value | 3.91% | 17.76% | 7.79% | -2.15% | 26.41% | -0.10 | $1,047.1 | Team | Los Angeles |
| Torray LLC – TorrayResolute Concentrated Large Growth | 3.82% | 21.13% | 12.10% | 4.63% | 20.73% | 0.20 | $113.7 | Nicholas C. Haffenreffer | Bethesda, Md. |
| Neuberger Berman – Large Cap Value Equity | 3.65% | 16.25% | 9.88% | -0.07% | 21.65% | -0.03 | $2,306.0 | Eli Salzmann | New York |
| Columbia Management Investment Advisers LLC – Seligman Large Cap Value Equity | 3.60% | 16.34% | 12.45% | 2.49% | 25.43% | 0.08 | $3,785.7 | Team | Boston |
| Horizon Asset Management LLC – Large Cap Core | 3.36% | 24.83% | 10.45% | -1.94% | 26.99% | -0.09 | $319.8 | Murray Stahl | New York |
| TCW Investment Management Co. – TCW Relative Value Large Cap | 3.09% | 20.31% | 11.11% | 1.38% | 26.08% | 0.03 | $4,529.2 | Diane Jaffee | Los Angeles |
| Armstrong Shaw Associates Inc. – Large Cap Equity Value | 3.05% | 21.61% | 10.42% | 1.13% | 23.31% | 0.03 | $2,532.9 | Jeffrey M. Shaw | New Canaan, Conn. |
| Ceredex Value Advisors – Large Cap Value Equity Strategy | 2.91% | 17.19% | 11.50% | 3.57% | 21.36% | 0.14 | $3,197.6 | Mills Riddick, CFA | Orlando, Fla. |
| Flippin Bruce & Porter Inc. – Large Cap Value | 2.57% | 12.72% | 4.33% | -1.67% | 25.65% | -0.09 | $163.4 | Team | Lynchburg, Va. |
| AllianceBernstein – Strategic Research* | 2.56% | 21.30% | 9.32% | 0.72% | 27.06% | 0.01 | $3,161.2 | Catherine Wood | New York |
| Invesco – Van Kampen Large Cap Value SMA/Wrap | 2.54% | 19.78% | 11.28% | 2.68% | 22.10% | 0.10 | $428.8 | Team | Atlanta |
| Great Lakes Advisors – Large Cap Value | 2.44% | 15.53% | 12.23% | 1.78% | 22.00% | 0.06 | $1,499.3 | Team | Chicago |
| S&P 500 | -0.38% | 16% | 10.87% | 1.66% | 21.81% | 0.05 |
U.S. mid-cap equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| SouthernSun Asset Management – SMID Cap* | 7.67% | 19.55% | 21.53% | 11.19% | 30.60% | 0.35 | $677.3 | Michael W. Cook | Memphis, Tenn. |
| Seizert Capital Partners LLC – Mid Cap Core | 7.05% | 22.74% | 13.65% | 7.23% | 26.22% | 0.26 | $1,528.1 | Team | Birminhgam, Mich. |
| AllianceBernstein – Small to Mid Cap Value* | 6.63% | 21.90% | 13.53% | 7.57% | 28.99% | 0.24 | $3,148.1 | James W. MacGregor | New York |
| Ceredex Value Advisors – Mid Cap Value | 6.31% | 23.07% | 14.15% | 7.76% | 26.68% | 0.27 | $2,649.0 | Donald A. Wordell, CFA | Orlando, Fla. |
| Penn Capital Management – Penn Small to Mid Cap Core Equity | 6.23% | 15.57% | 9.22% | -0.04% | 34.13% | -0.02 | $972.6 | Team | Philadelphia |
| Buckhead Capital Management – Small/ Midcap Value | 6.14% | 16.58% | 6.79% | 3.14% | 24.38% | 0.11 | $152.0 | Team | Atlanta |
| Pinnacle Associates Ltd. – Small Mid Cap Equity | 6.08% | 25.51% | 16.24% | 5.80% | 30.76% | 0.17 | $2,504.0 | Team | New York |
| Third Avenue Management LLC – Value | 5.56% | 23.87% | 7.93% | -2.87% | 28.15% | -0.12 | $4,614.2 | Michael Lehmann | New York |
| RS Investments – Mid Cap Value* | 4.84% | 15.32% | 9.66% | 1.81% | 26.63% | 0.05 | $1,842.8 | Team | San Francisco |
| Janus Capital Management – Mid Cap Growth MA (Retail) | 4.74% | 17.30% | 12.73% | 2.97% | 26.43% | 0.09 | $3,844.1 | Brian Demain | Denver |
| Robeco Investment Management Inc. – BP Mid Cap Value Equity | 4.65% | 19.77% | 14.97% | 8.03% | 24.47% | 0.31 | $3,422.4 | Team | New York |
| Legg Mason Inc. – ClearBridge Mid Cap Core | 4.49% | 19.97% | 13.93% | 6.13% | 24.32% | 0.23 | $135.0 | Team | Baltimore |
| BMO Asset Management U.S. – Mid Cap Value | 4.48% | 20.43% | 11.86% | 4.25% | 25.17% | 0.15 | $296.9 | Team | Chicago |
| Ariel Investments – Ariel Small/Mid Cap Value Wrap* | 4.04% | 19.45% | 11.54% | 4.19% | 35.41% | 0.10 | $1,936.5 | John W. Rogers Jr. | Chicago |
| Earnest Partners – Mid Cap Core | 3.99% | 16.34% | 13.94% | 4.71% | 26.21% | 0.16 | $1,173.0 | Paul Viera | Atlanta |
| Russell Midcap | 2.88% | 17.28% | 13.15% | 3.57% | 26.14% | 0.12 |
U.S. small-cap equity
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| SouthernSun Asset Management – Small Cap* | 7.99% | 21.05% | 24.57% | 10.28% | 32.59% | 0.30 | $1,315.0 | Michael W. Cook | Memphis, Tenn. |
| Keeley Asset Management Corp. – Institutional Corporate Restructuring – Small Cap | 7.53% | 27.25% | 15.37% | 2.96% | 31.59% | 0.08 | $3,601.7 | John Keeley Jr. | Chicago |
| GW Capital Inc. – Small Cap Equity | 5.87% | 20.06% | 13.43% | 4.17% | 29.89% | 0.12 | $1,075.8 | Team | Bellevue, Wash. |
| Tocqueville Asset Management LP – Small Cap Value | 5.69% | 16.43% | 6.35% | 0.75% | 26.46% | 0.01 | $102.3 | Team | New York |
| Golden Capital Management LLC – Small Cap Core | 5.65% | 15.73% | 13.75% | 1.97% | 26.65% | 0.05 | $151.1 | Mr. Greg W. Golden | Charlotte, N.C. |
| Scout Investments – Scout Small Cap | 5.63% | 19.53% | 12.40% | 0.85% | 25.71% | 0.01 | $253.0 | Team | Kansas City, Miss. |
| Penn Capital Management – Penn Small Cap Opportunistic Equity | 5.52% | 23.37% | 16.73% | 4.17% | 37.34% | 0.10 | $688.2 | Team | Philadelphia |
| Earnest Partners – Small Cap Core | 5.46% | 16.13% | 11.85% | 4.29% | 26.49% | 0.14 | $425.0 | Paul Viera | Atlanta |
| Cambiar Investors LLC – Small Cap Value | 5.25% | 14.46% | 16.39% | 8.50% | 28.59% | 0.28 | $1,915.0 | Team | Denver |
| Earnest Partners – Small Cap Value | 5.22% | 14.64% | 12.68% | 3.89% | 25.33% | 0.13 | $2,899.0 | Paul Viera | Atlanta |
| Ariel Investments – Ariel Small Cap Value Wrap* | 4.88% | 21.64% | 12.77% | 5.35% | 35.78% | 0.14 | $868.5 | John W. Rogers Jr. | Chicago |
| Brandywine Global Investment Management – Small Cap Value Equity | 4.74% | 18.20% | 13.61% | 7.91% | 23.33% | 0.32 | $772.2 | Team | Philadelphia |
| PNC Capital Advisors LLC – Small Cap Portfolio | 4.69% | 23.58% | 18.23% | 6.60% | 25.27% | 0.24 | $291.6 | Team | Baltimore, Md. |
| Dalton Greiner Hartman Maher & Co. – Micro Capitalization | 4.68% | 23.88% | 14.72% | 2.83% | 22.46% | 0.10 | $104.5 | Team | New York |
| Steinberg Asset Management LLC – Small-Cap Value Equity* | 4.43% | 12.79% | 16.45% | 1.73% | 26.98% | 0.04 | $148.4 | Michael A. Steinberg | New York |
| Russell 2000 | 1.85% | 16.35% | 12.25% | 3.56% | 26.39% | 0.12 |
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