The top-performing SMAs: Domestic equities

U.S. large-cap equity Rank Product 1Q return 1-year return…

U.S. large-cap equity

Rank	Product	1Q return	1-year return	3-year return	5-year return	5-year std dev	5-year Sharpe ratio	Product assets ($M)	Manager	Location
1	Sands Capital Management LLC – Large Capitalization Growth	24.50%	22.56%	38.76%	11.08%	28.58%	0.34	$20,272.2	Team	Arlington, Va.
2	Atlanta Capital Management – High Quality Focused Growth	21.43%	5.40%	27.33%	8.74%	25.31%	0.30	$333.6	Team	Atlanta
3	Jennison Associates – Large Cap Growth	20.28%	15.78%	25.40%	5.83%	21.96%	0.21	$39,612.9	Michael Del Balso	New York
4	AllianceBernstein – Strategic Research*	19.80%	-3.90%	22.82%	3.05%	26.50%	0.07	$3,657.5	Catherine Wood	New York
5	Janus Capital Management – Concentrated Growth MA (Retail)	19.48%	11.99%	22.25%	5.42%	26.58%	0.16	$18,711.2	Ron Sachs	Denver
6	Logan Capital Management Inc. – Logan Large Cap Growth	18.58%	4.12%	29.86%	4.27%	29.30%	0.10	$854.8	Team	Ardmore, Pa.
7	JAG Advisors – Large Cap Growth Equity	18.56%	9.72%	29.39%	6.33%	26.59%	0.19	$319.7	Team	St. Louis
8	Granite Investment Partners LLC – Large Cap Equity	18.28%	10.03%	26.49%	5.65%	24.57%	0.18	$288.3	Team	El Segundo, Calif.
9	Argent Capital Management LLC – Large Cap Equity	18.11%	12.96%	25.69%	3.64%	24.14%	0.10	$1,326.6	Team	St. Louis
10	Wedgewood Partners Inc. – Large Cap Focused Growth*	18.01%	18.21%	30.92%	11.29%	23.53%	0.43	$1,661.6	Team	St. Louis
	S&P 500	12.59%	8.54%	23.42%	2.01%	21.83%	0.04

U.S. midcap equity

Rank	Product	1Q return	1-year return	3-year return	5-year return	5-year std dev	5-year Sharpe ratio	Product assets ($M)	Manager	Location
1	Bennett Lawrence Management LLC – Mid Cap Growth Equity	22.00%	6.03%	27.52%	6.49%	26.60%	0.20	$253.4	Team	New York
2	Artisan Partners Limited Partnership – Mid Cap Growth SMA	21.15%	11.69%	33.48%	10.28%	26.10%	0.35	$11,938.0	Team	Milwaukee
3	Apex Capital Management – Small/Mid Cap Growth	20.78%	8.21%	34.37%	11.50%	28.62%	0.36	$1,151.2	Team	Dayton, Ohio
4	Bennett Lawrence Management LLC – Bennett Lawrence Growth Equity	19.37%	7.84%	26.79%	5.96%	24.75%	0.19	$139.1	Team	New York
5	Pinnacle Associates Ltd. – Small Mid Cap Equity*	17.91%	-0.57%	33.19%	5.50%	30.58%	0.14	$2,409.0	Team	New York
6	Goldman Sachs Asset Management – Mid Cap Growth	16.78%	6.16%	27.87%	7.52%	25.91%	0.24	$5,491.7	Team	New York
7	Eagle Asset Management – Mid Cap Growth (Institutional)	16.65%	1.37%	26.84%	7.93%	26.09%	0.26	$719.8	Team	St. Petersburg, Fla.
8	TCW Investment Management Company – TCW Growth Equities	16.59%	-0.39%	27.34%	6.83%	28.13%	0.20	$1,693.2	R. Brendt Stallings	Los Angeles
9	Buckhead Capital Management – Small/ Midcap Value	16.47%	-2.64%	20.78%	0.67%	25.10%	-0.02	$335.0	Team	Atlanta
10	Eagle Asset Management – Mid Cap Growth (Retail)	16.42%	1.06%	26.15%	7.03%	25.84%	0.22	$496.4	Team	St. Petersburg, Fla.
	Russell Midcap	12.94%	3.31%	29.13%	3.03%	26.10%	0.07

U.S. small-cap equity

Rank	Product	1Q return	1-year return	3-year return	5-year return	5-year std dev	5-year Sharpe ratio	Product assets ($M)	Manager	Location
1	Suffolk Capital Management – Small Cap Growth	21.31%	5.87%	27.42%	4.65%	29.93%	0.11	$171.4	Team	New York
2	Timberline Asset Management – Small Cap Growth Strategy	18.93%	4.59%	36.07%	8.11%	29.94%	0.23	$234.1	Team	San Francisco
3	Federated Investors Inc. – MDT Small Cap Growth	18.11%	4.99%	28.68%	3.96%	27.91%	0.10	$134.3	Daniel J. Mahr	Pittsburgh
4	Tocqueville Asset Management – Small Cap Value	17.30%	-9.65%	19.40%	-0.15%	26.52%	-0.05	$581.4	Team	New York
5	Penn Capital Management – Penn Small Cap Opportunistic Equity	17.19%	-2.58%	37.85%	1.59%	37.33%	0.01	$717.8	Team	Philadelphia
6	Insight Capital Research and Management – Small Cap Growth*	15.91%	3.67%	19.61%	3.71%	28.91%	0.09	$135.5	Team	Walnut Creek, Calif.
7	Ironwood Investment Management – Ironwood Small Cap Core	15.45%	-0.09%	32.92%	3.02%	31.10%	0.06	$492.6	Donald Collins	Boston
8	Sterling Capital Management – Small Cap Value*	15.39%	-1.61%	32.06%	3.67%	29.74%	0.08	$357.1	Eduardo A. Brea	Charlotte, N.C.
9	McKinley Capital Management – Small Cap Growth*	15.07%	-0.45%	22.64%	-0.60%	27.36%	-0.07	$250.3	Team	Anchorage, Alaska
10	Eagle Asset Management – Small Cap Growth (Retail)	15.03%	5.62%	32.76%	8.98%	26.17%	0.30	$4,519.1	Team	St. Petersburg, Fla.
	Russell 2000	12.44%	-0.18%	26.90%	2.13%	26.51%	0.03

* Preliminary. The separately managed account products listed in these tables generated the highest performance for the quarter ended March 31. Rankings are based on performance reported to Prima by April 27, 2012. In case of ties, products are listed alphabetically. Past performance is not a guarantee of future results, and advisers should rely on additional factors when determining whether to include SMAs in their client portfolios. Prima’s SMA universe isn’t intended to be all-inclusive but rather represents a diversified group of products that are available to, and suitable for, the affluent retail investor. Source: Prima Capital

Related Topics: Separately Managed Accounts (SMAs)