Cavanal Hill wins Lipper award
BY LAURIE WINSLOW World Staff Writer
Tuesday, March 19, 2013
3/19/13 at 7:12 AM
Cavanal Hill Investment Management Inc. has been honored by the Thomson Reuters Awards of Excellence with a Lipper Fund Award as well as three No. 1 Lipper rankings.
The investment advisory firm is a holding of Tulsa-based BOK Financial Corp.
The annual awards recognize funds that have excelled in delivering strong risk-adjusted performance relative to their peers.
Cavanal Hill's Intermediate Bond Fund, Institutional (AIFBX) received the Lipper Fund Award for ranking No. 1 out of 125 funds in the short-intermediate investment grade debt category for the three years ending Nov. 30, 2012.
AIFBX was the best-performing fund over the annualized three-year period. At the end of December, AIFBX had average annual total returns of 10.3 percent for the one-year period and nearly 5 percent for the 5-year period.
Established in 1991, Cavanal Hill is a Securities and Exchange Commission-registered investment advisory firm that has $5 billion in assets under management. The 41-member team provides investment management services to institutional and individual clients.
Two additional Cavanal Hill funds received top rankings. The Opportunistic Fund, Institutional (AIOPX), which just completed its first full year, ranked No. 1 out of 259 funds in the absolute return category for 2012.
The U.S. Treasury Fund, Administrative (APGXX) also ranked No. 1 out of 65 funds in the U.S. treasury money market category for the annualized three-year period ending Dec. 31, 2012. APGXX ranked 21st out of 61 funds for the five-year period and 14th out of 45 funds for the 10-year period.
At the end of December, the APGXX fund had an average annual total return of 0.24 percent for five years and 1.32 percent for 10 years.
Brian Henderson, president of Cavanal Hill, said Cavanal Hill's success ultimately comes down to good decision making in a tough economic environment.
Laurie Winslow 918-581-8466