Value Investor Awards

The winner of the Fund Manager Lifetime Achievement Award 2023
was announced at the LVIC on 18th May

The London Value Investor Conference is now requesting nominations from all Value Investor Digest subscribers for three Awards, which will be awarded to two listed Company CEOs and to a Fund Manager in recognition of their achievements.

FUND MANAGER LIFETIME ACHIEVEMENT AWARD 2023

PRIOR WINNERS:

Charles Brandes – 2015
Jean-Marie Eveillard – 2016
Anthony Bolton – 2017
Joel Greenblatt – 2018
Seth Klarman – 2019
Hassan Elmasry – 2022
David Iben – 2023

PRIOR WINNERS:

Richard Cousins – 2016
Tim Martin – 2017
Simon Wolfson – 2018
Henry Engelhardt & David Stevens – 2019
Mike Norris  2022
Mike Ashley  2023

PRIOR WINNERS:

Prem Watsa – 2016
Warren Buffett – 2017
Michael O’Leary – 2018
Bruce Flatt – 2019
Mark Leonard  2022
Thomas S. Gayner – 2023

LVIC FUND MANAGER LIFETIME ACHIEVEMENT AWARD 2023

FUND MANAGER LIFETIME ACHIEVEMENT AWARD 2023

Voting has now closed for the Fund Manager Lifetime Achievement Award. Previous winners include Charles Brandes, Jean-Marie Eveillard, Anthony Bolton, Joel Greenblatt, Seth Klarman and Hassan Elmasry.

Here were the shortlisted nominees:

Jim Chanos – Kynikos Associates
David Iben – Kopernik Global Investors
David Einhorn – Greenlight Capital
Stephen Butt – Silchester International Investors
Lew Sanders – Sanders Capital
Philip Best – Quaero Capital
Paul ffolkes Davis – Rising Sun Management
Matthew McLennan – First Eagle Investment Management

We congratulate David Iben of Kopernik Global Investors on winning the award for 2023.

CEO AWARDS

Shareholders invest in businesses with the expectation of receiving returns on their investment. However, on average, 70% of shareholder funds are retained in businesses and not distributed to shareholders. Therefore, the effective deployment of retained capital is critical in delivering strong investor returns. In recognition of this, the London Value Investor Conference has introduced two annual awards for public company CEOs who exhibit exceptional capital allocation skills over multiple years:

The LVIC Award for Best Capital Allocator – UK listed companies
The LVIC Award for Best Capital Allocator – Global listed companies

The criteria used for evaluating good capital allocation practices will include:

  • Returning capital to shareholders through dividends or share buybacks when it offers the best return on capital
  • Implementing strict cost controls to save shareholders money
  • Focusing on return on investment when investing in growth capital expenditures
  • Discontinuing or divesting poor-performing, non-core, or loss-making businesses
  • Acquiring businesses or large assets at prices that generate superior long-term shareholder returns

PREVIOUS WINNERS

The LVIC Award for Best Capital Allocator – UK listed companies
Richard Cousins – Compass Group (Winner 2016)
Tim Martin – J D Wetherspoon (Winner 2017)
Simon Wolfson – Next (Winner 2018)
Henry Engelhardt & David Stephens – Admiral Group (Winner 2019)
Mike Norris – Computacenter (Winner 2022)
Mike Ashley – Frasers Group (Winner 2023)

The LVIC Award for Best Capital Allocator – Global listed companies
Prem Watsa – Fairfax Financial (Winner 2016)
Warren Buffett – Berkshire Hathaway (Winner 2017)
Michael O’Leary – Ryanair (Winner 2018)
Bruce Flatt – Brookfield Asset Management (Winner 2019)
Mark Leonard – Constellation Software (Winner 2022)
Thomas S. Gayner – Markel Group (Winner 2023)

The LVIC Fund Manager Award for Lifetime Achievement
Charles Brandes (Winner 2015)
Jean-Marie Eveillard (Winner 2016)
Anthony Bolton (Winner 2017)
Joel Greenblatt (Winner 2018)
Seth Klarman (Winner 2019)
Hassan Elmasry (Winner 2022)