Morningstar announced on Wednesday its fund managers of the year, those it believes are the best in the business.
However, it isn't just about choosing the highest-returning funds
"What we're looking for are managers whose 2014 performance was outstanding but was also emblematic of a longer-term record of excellence," Jon Hale, Morningstar's director of manager research, North America, said in an interview with CNBC's "Power Lunch."
Here are the winners for 2014.