Pierre Ferragu & team Sanford C. Bernstein
The buy side says: “They are better than their peers in looking at the big picture.”
Catapulting from runner-up all the way to No. 1 is the Sanford C. Bernstein trio led by Pierre Ferragu. The team downgraded the American depositary receipts of Nokia Corp. from neutral to underperform in September, at $10.06, making the case that the Espoo, Finland–based handset maker was not keeping pace with advanced technologies offered by peers. By late December Nokia’s stock had inched up 2.6 percent, to $10.32; during the same period the sector gained 3.2 percent, in dollar terms. Ferragu, 36, earned a doctorate in sociology from the Institut d’Études Politiques de Paris in 2004 while working as a telecommunications consultant for Boston Consulting Group; he joined Bernstein in 2007.
