SWITZERLAND - Vontobel Asset Management and Pictet & Cie have tied for first place in the new "Alpha League Table" from EuroPerformance and French business school Edhec.

The table is a ranking of European asset managers based on the intensity of alpha, or market outperformance.

"The highest-ranked firms in the Alpha League Table are the best providers of alpha, i.e. the asset management firms that provide a good compromise between the value of the alphas produced and their frequency," EuroPerformance and Edhec say.

"With an alpha frequency of 29.9% and an average rate of alpha of 3.1%, Vontobel Asset Management receives a score of 0.97%," they said.

"Pictet & Cie obtain the same score with an alpha frequency of 50.0% and an average rate of alpha of 1.8%." Banque Sarasin took third place.

The partners said: “The results are extremely tight, with a score of 0.97% for the top-ranked company and 0.22% for the tenth-placed company.

“The top three are only separated by a hair's breadth with a difference of less than one hundredth of a point!”

The rankings in full:

1= Vontobel AM
1= Pictet AM
3. Sarasin
4. Credit Suisse
5. Clariden (Credit Suisse)
6. UBS Global Asset Management
7. Swisscanto AM
8. AIG Private Bank
9. Swiss Life AM
10. Julius Baer AM

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