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Rating:BlackRock and Cap Group Win Big In Chi-Town Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 23, 2023

BlackRock and Cap Group Win Big In Chi-Town

Reported by Neil Anderson, Managing Editor

A pair of mutual fund industry titans won big this week, thanks to the folks at a Chicago-based investment research giant.

Timothy D. "Tim" Armour
Capital Group
Chairman, CEO
On Tuesday, Tim Strauts, head of manager research, North America at Morningstar, Inc., revealed that the winners of the 2023 U.S. Morningstar Awards for Investing Excellence at BlackRock's Rick Rieder and Capital Group. Cap Group (home of American Funds) won this year's "exemplary stewardship" award, while Rieder won the "outstanding portfolio manager" award.

This was Rieder's second nomination and Cap Group's fifth. These are the fifth annual Investing Excellence awards, so Cap Group has been nominated every time.

Stephen Welch, senior manager research analyst at Morningstar, describes Cap Group as "differentiated by its strong culture."

"The firm provides strong risk-adjusted results for investors while offering low fees, and its signature multimanager approach minimizes key-person risk and succession issues," Welch states.

Rieder, managing director and chief investment officer of global fixed income at BlackRock, also serves as head of the firm's fundamental fixed income business and of the global allocation investment team. He has spent 13 years with the publicly traded fund firm.

"Rick leads one of the strongest fixed-income platforms in the industry, guided by his team's thorough research and investor-focused approach," states Eric Jacobson, director of manager research for fixed-income strategies at Morningstar. 

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