Value Investor Awards

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

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

UK AWARD

PRIOR WINNERS: 

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

PRIOR WINNERS: 

Prem Watsa – 2016
Warren Buffett – 2017
Michael O’Leary – 2018
Bruce Flatt – 2019
Mark Leonard – 2022

CEO AWARDS

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 is launching two new Awards for the Public company CEOs with the best Capital Allocation record judged 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 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

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)

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)

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)

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