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Put yourself to the test: the great Global quiz of the year

Put yourself to the test: the great Global quiz of the year

How closely have you followed the headlines this year? And are you willing to put your knowledge to the test?

In an interactive exercise, here are 10 questions relating to the best, brightest and, sometimes, weird stories from the world of fund management.

Click on the Answer tab to reveal the outcome and mark your score as you go. Best of luck.

Question One

The CIO of which company coined the phrase ‘Abegeddon’ over fears that Japan’s major stimulus push would fail?

  • UBS Wealth Management
  • Credit Suisse
  • Swiss & Global Asset Management

UBS Wealth Management

Abenomics has dominated discussions throughout the year but it was UBS Wealth Management CIO Alex Friedman who forewarned of an Armageddon scenario if Abe’s expansive policies did not take effect as planned.

Question Two

Who succeeded Graham French as lead manager on the £4.2 billion (€5 billion) M&G Global Basics fund?

Randeep Somel

A relatively easy one, with veteran investors Graham French retiring and handing over the reins of his blockbuster fund to Randeep Somel.

Fidelity’s Alex Wright was also involved in a manager succession story, with the UK small and mid-cap equity specialist set to replace Sanjeev Shah on the firm’s famous Special Situations fund.

While Wright and Somel were heading into the blockbuster funds, Neil Woodford was going in the opposite direction. The market veteran opting to depart Invesco in October.

Question Three

According to Citywire Global data, which was the biggest fund in our system? (AuM in US$)

Carmignac Patrimoine

In reverse order the largest funds on the Citywire radar are Richard Woolnough’s M&G Optimal Income fund, which has $24 billion in assets under management.

This is behind the AllianceBernstein-Global High Yield fund, run by the trio of Gershon Distenfeld, Paul DeNoon and Douglas Peebles, which has $24.4 billion in assets.

However, they both trail the Carmignac Patrimoine fund. The flagship mixed asset fund, which is co-run by Edouard Carmignac, Rose Ouahba and Frédéric Leroux, has $32.1 billion in assets.

Data compiled by Citywire. All figures correct as at 31-08-13.

Question Four

In interviews with Citywire, which of the following regions did Marc Faber not predict problems for in 2013?

  • China
  • USA
  • The Middle East

The Middle East

They don’t call him Dr Doom for nothing. However, the only region of those mentioned above not to receive Marc Faber’s scorn was the Middle East…although he did say it would ‘go up in flames’ during an interview in 2012.

During conversations with Citywire over the course of 2013, Faber said China was on track for a crisis, while also stating his belief that the US markets’ record highs looked set to end in painful losses.

Question Five

Who played a special gig at Carmignac’s investor conference this year?

  • Rod Stewart
  • The Rolling Stones
  • The Spice Girls
  • Nobody

Nobody

Sadly, this is a trick question. There was no headline act for Carmignac’s famed investor conference this year. The Rolling Stones were the feted guests at the end of 2012, while Rod Stewart also appeared last year. Both presumably netting a tidy sum for their appearance.

The Spice Girls, however, were not on Carmignac’s playlist. Although, they could perhaps have done with the publicity to help promote their ill-fated Viva Forever musical, which was taken out of London’s West End after just six months.

Question Six

Which political figure was named as the person most attendees at Citywire Berlin 2013 would like to eavesdrop on?

  • Silvio Berlusconi
  • Angela Merkel
  • Barack Obama
  • Xi Jingping
  • Vladimir Putin

Silvio Berlusconi

There was only really one winner in this one. The former Italian politician Silvio Berlusconi topped the NSA-themed poll at Citywire Berlin 2013. He earned 28% of the vote, while China’s president Xi Jinping was picked by 23%. Obama and Putin received 18%, while Merkel was the least popular target for phone-hacking, with 13% of the vote.

Question Seven

Which famed investor blasted ‘hyperinflation zealots’ for behaviour ‘bordering on being simple-minded’?

  • Bill Gross
  • James Montier
  • Edouard Carmignac

James Montier

All three of these industry veterans have not refrained from making sensational statements over the course of 2013 but the quote in question belongs to GMO’s James Montier.  The behavioural investing specialist made the comments in February following a number of market commentaries tying QE policies to hyperinflation.

Question Eight

Spot the lone sector that wasn't described as a bubble in 2013.

  • Bitcoins
  • Loans
  • Emerging markets
  • UK housing
  • China
  • High yield
  • Tech

UK housing

Finding a sector, region or asset class not branded as a bubble in Citywire interviews proved as easy as hunting for a needle in a haystack. However, while UK publications have voiced concern over the government’s Help To Buy scheme potentially producing a bubble, no fund manager interviewed by Citywire went on record with the same view.

Question Nine

Bond guru Jeffrey Gundlach was profiled in March, but what was the name of his 1980s New Wave band?

  • Thinking Out Loud
  • Seona Dancing
  • Risky Returners
  • The Plastic Population

Thinking Out Loud

The fact Gundlach cannot seem to run away from. Despite a stand-out performance in bonds and turning his hand to the equities market, the fund manager will continually be linked with his brief stint as a part of Thinking Out Loud.

As far as we know, Risky Returners is not a functioning pop band, while Seona Dancing was once the pop vehicle for British comedian Ricky Gervais. Meanwhile, the Plastic Population was the second half of pop singer Yazz's band name, who was famous for the 1988 song The Only Way Is Up.

Question Ten

Which two fund management companies dominated the emerging market debt sector this year in terms of manager moves?

  • Neuberger Berman and ING Investment Managers
  • ING Investment Managers and JP Morgan
  • BlackRock and Neuberger Berman

Neuberger Berman and ING Investment Managers

Of all the stories to have taken place over 2013, the one which seemed to present new chapters on an almost weekly basis was the EMD manager shuffle between Neuberger Berman and ING Investment Managers.

All of it was kick-started in January, when five senior names left ING IM for Neuberger Berman, what followed was a merry-go-round of fund manager hires, new fund launches and corporate restructuring.

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Rose Ouahba
Rose Ouahba
455/617 in Mixed Assets - Flexible EUR (Performance over 3 years) Average Total Return: 8.23%
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1280/1356 in Equity - Global (Performance over 3 years) Average Total Return: 5.18%
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Frédéric Leroux
1335/1356 in Equity - Global (Performance over 3 years) Average Total Return: -4.22%
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35/51 in Bonds - Sterling Strategic Bond (Performance over 3 years) Average Total Return: 12.64%
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21/171 in Bonds - Global High Yield (Performance over 3 years) Average Total Return: 16.81%
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34/171 in Bonds - Global High Yield (Performance over 3 years) Average Total Return: 15.41%
Paul DeNoon
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25/171 in Bonds - Global High Yield (Performance over 3 years) Average Total Return: 16.35%
Jeffrey Gundlach
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