Old Mutual Dwight High Yield Fund Recognized By Lipper For Best Risk-Adjusted Returns Over Three-Year Period

Performance and Risk Management by Dwight Team Earn Fund Top Industry Honor

Mar 24, 2011, 09:54 ET from Old Mutual Asset Management

BOSTON and BURLINGTON, Vt., March 24, 2011 /PRNewswire/ -- Old Mutual Asset Management (OMAM) and its affiliate investment firm Dwight Asset Management Co. (Dwight) announced today that the Old Mutual Dwight High Yield Fund (ODHYX) has won the 2011 Lipper Fund Award for the top risk-adjusted returns in the High Current Yield category for the three-year period ending December 31, 2010.  

The Lipper Fund Awards program was created to honor funds that have excelled in delivering consistently strong risk-adjusted performance relative to peers, and is part of the broader Thomson Reuters Awards for Excellence.

"In winning this Lipper Fund Award, the Dwight High Yield team is gaining well-deserved recognition, and we are proud to share in their success," said Peter Bain, President and Chief Executive Officer of OMAM.

Founded in 1983 by John Dwight, Dwight Asset Management Company LLC became a subsidiary of Old Mutual Asset Management in 2000. The Old Mutual Dwight High Yield Fund investment team, co-headed by senior vice president and high yield portfolio manager Edward Meigs, CFA and senior vice president, and high yield portfolio manager Sean Slein, CFA, has worked together for more than 10 years managing high yield strategies for institutional investors.  

"Ed, Sean and their team occupy a unique place in the world of high yield investing and stand out through their ability to manage through the high yield cycle and consistently deliver strong risk-adjusted returns," said David Thompson, CFA, President and Chief Executive Officer of Dwight. "The Lipper Fund Award is proof positive that their well established portfolio management strategy is a competitive advantage in a demanding and an often crowded space."

About Old Mutual Asset Management

Old Mutual Asset Management (OMAM) is a global multi-boutique investment organization, managing and growing a diverse portfolio of asset managers that serve institutional and individual investors around the world. The assets under management of OMAM's 18 affiliated investment firms were $259 billion as of December 31, 2010. OMAM is the name through which Old Mutual (US) Holdings Inc. conducts its U.S. asset management business. Its parent company is London-based Old Mutual plc. More information on OMAM, its member firms, and their investment teams and strategies, is available at www.oldmutualus.com.

About Old Mutual plc

Old Mutual plc is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.  For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com.  

About Dwight Asset Management Co. LLC

Dwight Asset Management Company LLC focuses exclusively on fixed income investment management services for institutional clients including retirement plans, corporations, public funds, insurance companies, financial institutions, endowments, foundations, and Taft-Hartley plans. Based in Burlington, Vermont, Dwight manages and advises for approximately $54.3 billion as of December 31, 2010 and is an affiliate firm of Old Mutual Asset Management. See www.dwight.com for more information.

About the Lipper Fund Award

Lipper Inc. ranked Old Mutual High Yield Fund #1 out of 416 High Current Yield Funds, based on risk-adjusted returns for the 3-year period ending 12/31/10. Lipper Fund Awards recognize funds that have delivered consistently strong risk-adjusted performance, relative to peers. Lipper uses the Lipper Leader for Consistent Return methodology to designate funds in the individual classification for the three-, five-, and ten-year periods. Lipper ratings for Consistent Return reflect the fund's historic returns, adjusted for volatility. Funds with at least 36 months of performance history are eligible. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. Past performance is no guarantee of future results.  To obtain performance data current to the most recent month-end, please visit www.oldmutualfunds.com.

Funds that invest in high-yielding, noninvestment grade bonds involve higher risk than funds that invest solely in investment grade bonds. Adverse conditions may affect the issuer's ability to make timely interest and principal payments on these securities. Additionally, funds that invest in fixed income securities are subject to several general risks, including interest rate risk, credit risk, and market risk, which could reduce the yield an investor receives from the Fund. These risks may occur from fluctuations in interest rates, a change to an issuer's individual situation or industry, or events in the financial markets.

The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com.

Media Contact:
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SOURCE Old Mutual Asset Management