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Winners Announced for 2023 U.S. Morningstar Awards for Investing Excellence
Rick Rieder of BlackRock is named Outstanding Portfolio Manager; Capital Group is recognized for Exemplary Stewardship CHICAGO, March 21, 2023 /PRNewswire/ --
About this update from Morningstar, Inc.
[{"type":"text","content":"Rick Rieder of BlackRock is named Outstanding Portfolio Manager; Capital Group is recognized for Exemplary Stewardship\nCHICAGO, March 21, 2023 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced the winners of the 2023 U.S. Morningstar Awards for Investing Excellence. The awards recognize portfolio managers and asset management firms who demonstrate the industry's very best attributes, including investment skill and an alignment of interests with the strategies' investors.\nMorningstar selects leaders in two categories: Outstanding Portfolio Manager and Exemplary Stewardship.\n\"Our 2023 winners represent the best of the asset management industry, and their proven track records show their unwavering focus on serving the best interests of investors,\" said Tim Strauts, Morningstar's head of manager research, North America. \"The manager and firm selected ground their strategies in deep fundamental research, which has produced strong results and rewarded investors in the long-term.\"\nThe winners of the 2023 Morningstar Awards for Investing Excellence in the United States are:\nOutstanding Portfolio Manager: Rick Rieder, BlackRock\nRick Rieder took over a venerable fixed-income operation in 2010, but one that had endured leadership turnover and been bruised by the global financial crisis. He then built it into one of the strongest bond-investing teams in the industry. Over his 13-year tenure, Rieder has navigated through a variety of volatile environments, including credit selloffs and rallies, falling and rising rates, liquidity crunches, emerging-markets crashes, global recessions, a pandemic, and 2022′s bond bear market.\n\"Rick leads one of the strongest fixed-income platforms in the industry, guided by his team's thorough research and investor-focused approach,\" said Eric Jacobson, Morningstar director of manager research, fixed-income strategies. \"He is a seasoned veteran who leans on experience and surrounds himself with great people to help drive his success.\"\nExemplary Stewardship: Capital Group (American Funds)\nCapital Group has been an Exemplary Stewardship nominee every year since the award's 2019 inception, as few firms have as enviable a track record and as respectable a stewardship philosophy across nearly every asset class available to U.S.-...