Value Invest London

Value Investor Awards

LVIC Awards 2020: Fund Manager and CEO Capital Allocator Awards

Voting is now open for the 2020 awards – the winners will be announced at the London Value Investor Conference

Prior Winners:
Richard Cousins – 2016
Tim Martin – 2017
Simon Wolfson – 2018
Henry Engelhardt & David Stevens – 2019
Prior Winners:
Prem Watsa – 2016
Warren Buffett – 2017
Michael O’Leary – 2018
Bruce Flatt – 2019
Prior Winners:
Charles Brandes – 2015
Jean-Marie Eveillard – 2016
Anthony Bolton – 2017
Joel Greenblatt – 2018
Seth Klarman – 2019

CEO Awards

The capital allocator awards were introduced in 2016 to recognise CEOs for the key talent of capital allocation. On average, 70% of shareholder funds are retained in businesses and not paid out to shareholders. Effective deployment of retained capital therefore makes a profound difference to investor returns. To recognise this key talent, the London Value Investor Conference launched two Awards for the Public company CEOs with the best Capital Allocation record judged over multiple years.

The criteria used for judging good capital allocation discipline will include such things as:

  • Returning capital to shareholders either through dividends or share buybacks when these offer the best available return on capital
  • Saving shareholders money by controlling costs in an unusually disciplined way
  • Deploying growth capex with a keen focus on return on investment
  • Shutting down or selling poor return, non-core or loss-making businesses
  • Acquiring businesses or large assets at prices which deliver superior long term shareholder returns

Fund Manager Awards

The first LVIC Award for Lifetime Achievement was won by Charles Brandes in 2015, followed by Jean-Marie Eveillard in 2016, Anthony Bolton in 2017, Joel Greenblatt in 2018 and most recently Seth Klarman in 2019. We are now seeking nominations which will be shortlisted for voting for the winner of the Fund Manager Lifetime Achievement Award 2020 which will be announced at the rescheduled London Value Investor Conference in Autumn 2020.

  • Best CEO Capital Allocator (UK)

  • Best CEO Capital Allocator (Global)

  • Fund Manager Lifetime Achievement Award

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