Liberum today saw the best results in its history when five of its analysts secured top three places to dominate the 2015 Thomson Reuters’ StarMine Analyst Awards, making the firm #1 in the UK & Ireland.
(Below clockwise from top left, Ben Davis, David Brockton, Gerald Khoo, Ian Whittaker and centre, Eoin Lambe)
The awards are based on objective ratings of sell-side securities analysts and recognise those who demonstrate outstanding performance as stock pickers based and/or earnings forecasters. They cover stock picking during 2014 and earnings estimations from April 1, 2014 to March 31, 2015.
In the UK and Ireland, seven-year-old Liberum achieved the top-three positions across all industries:
#1: Stock picker overall: Technology Analyst Eoin Lambe
#2: Stock picker overall: Mining Analyst Ben Davis
#3: Stock picker overall: Business Services Analyst David Brockton
By industry, Liberum achieved:
#1: Business Services stock picker: David Brockton
#1: Technology & Equipment stock picker and earning estimator: Eoin Lambe
#2: Media stock picker: Ian Whittaker
#3: Transport earnings estimator: Gerald Khoo
#3: Metals and Mining stock picker: Ben Davis
In Europe, Liberum came in the top three in these industry categories:
#2: Metals and Mining stock picker: Ben Davis
#3: Technology & Equipment earnings estimator: Eoin Lambe
#3: Business Services stock picker: David Brockton
“Fund managers are under increasing pressure to deliver returns to their investors and brokers need to demonstrate their value,” said Joe Brent, Head of Research at Liberum.
“This award is proof that hard work, industry expertise and in depth company analysis at Liberum generates alpha for our clients and is all part of our focus on delivering an excellent service”, he added.
“Market conditions continued to be challenging as competition among sell-side firms remained fierce, making the analysts’ job as hard as ever,” said Raj Shah, head of StarMine sell-side research at Thomson Reuters.
“Winning analysts were those who were not afraid to make a sell recommendation, and issued estimates that were more timely and accurate than their peers,” he added.
In 2014 Liberum rose to second place from fifth in the category of Leading Pan European brokerage firm - UK Small & Mid Caps. Extel ranks broker and independent research based on the responses from more than 16,000 fund managers and institutional investors.
> Click here for full breakdown of the StarMine winners
The awards measure the performance of sell-side analysts based on the returns of their buy and sell recommendations relative to industry benchmarks; and the accuracy of their earnings estimates in 16 regions across the globe.
Analysts are awarded prizes in three main categories: stock recommendation performance relative to specific industry benchmarks (“Stock Pickers”), accuracy in forecasting earnings as compared with peers (“Earnings Estimators”) and brokerage firms whose analysts win the most awards (“Most Award-Winning Brokers”).
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