The median return for overall domestic equity separate accounts in the PIPER universe was -0.4% for the year ended June 30, and -0.2% for managed domestic growth equity. The S&P 500 index hit 0.3% during the same period, and the Nasdaq composite, 10.9%.
The top-performing total equity separate account for the year was Munder Capital Management's NetNet portfolio, which returned 41%. Insight Capital Research ranked second with its Small-Cap Growth strategy, which returned 39.1%.
PIPER's commingled domestic equity leader for the year ended June 30 was Boston Co. Asset Management's Premier Value Equity Fund, returning 15.4%. Second was the Wellington Management Select Capital Appreciation Fund, returning 12.5%. For the year, the median return overall for commingled equity was 0.2%.