On November 23, 2021, Refinitiv Lipper unveiled the results of the Refinitiv Lipper Fund Awards for Saudi Arabia. Since the period between July 1, 2019, to June 30, 2022, was quite challenging for fund managers around the globe, the Refinitiv Lipper Fund Awards got a lot of attention from the asset management industry, as these awards showcase the ability of a fund to deliver high risk-adjusted returns.   Different methodologies lead to different results Contrary to what a number of market observers would expect, the Refinitiv Lipper Fund Awards are not based on return numbers alone. The winners of a