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Primecap Team Wins Morningstar’s Top Stock-Picking Prize

The stock-picking team at Primecap Management, best known for running mutual funds for Vanguard Group, won Morningstar Inc.’s top honor for domestic stock managers in 2014.

The award recognizes good long-term risk-adjusted returns and stewardship of shareholder capital as well as last year’s performance, Chicago-based Morningstar said today in an e-mailed statement. Theo Kolokotrones, Joel Fried, Al Mordecai, Mohsin Ansari and James Marchetti are the managers.