Meet the 2022 Asset Managers of the Year

Other winners include one of the Large Cap winners, Wakefield Large Cap Equity fund, which returned 35% in 2021, outperforming the Russell 1000 Index by about 9%.

The fund’s portfolio manger, G. Todd Gervasini, founded the group in 2003 and built the proprietary system behind the firm’s process in the late 1990s. The key to its approach is its exploitation of earnings surprises, as it seeks to take advantage of both mispricings and earnings revisions.

Capital Wealth Enhanced Dividend Income Portfolio won the Liquid Alternatives category for its “excellent job in delivering strong and consistent performance, balancing total return and income generation, and conducing active option overlay,” according to Envestnet analysts.

The fund has been exceptional over the long term, matching its benchmark of the Dow Jones Industrial Average since its inception in 2013. The fund is led by Kevin Simpson, founder and chief investment officer.

Another notable was in the Specialty category: Lazard Global Listed Infrastructure Fund. The fund had a return of 19.82%, versus its FTSE Global Core Infrastructure benchmark of 17.93%. The fund focuses on value-oriented stocks of “preferred infrastructure” firms that “exhibit high revenue and profit certainty due to their usually regulated and monopolistic market positioning and long-term, inflation-linked contracts,” according to Envestnet analysts.

Here are the winners in each category:

Sustainable and Asset Manager of the Year: Hartford Schroders International Stock Fund
Multi-Asset Strategist: SSI Flexible Allocation Portfolio
Liquid Alternatives: Capital Wealth Enhanced Dividend Income Portfolio
Specialty: Lazard Global Listed Infrastructure Fund
Global, International, Emerging Market: Acadian International ADR SMA
Fixed Income: Federated Hermes Total Return Bond Fund
Large Cap Equity: Wakefield Large Cap Equity and Alley Dividend Portfolio
Small, Smid, Mid Cap Equity: Congress Mid Cap Growth and Tributary Small Cap