It's been a challenging time for active fund managers, with profits taking a hit due to declining management fees as investors flock to low-cost passive funds.

Macro-uncertainty, including global trade tensions and increasing economic risk, is also making life tough for managers, while interest rates and bond yields remain at record low levels.

Active fund management best
Fund managers' tussle over talent

However, there is still a basic need for people to grow their savings for retirement. The Zenith FundSource awards, which recognise the top performing fund managers in New Zealand, were held in Auckland last night.


Full list of winners: