(Bloomberg News) A team that manages three mutual funds for Milwaukee-based Artisan Partners LP was named 2011 domestic stock manager of the year by Morningstar Inc.

Scott Satterwhite, James Kieffer and George Sertl, who together run three value-style funds, won the award, the Chicago-based company said yesterday in a statement on its Web site. The team's $7.2 billion Artisan Mid Cap Value, the $2.8 billion Artisan Small Cap Value and the $562 million Artisan Value outperformed 99 percent, 65 percent and 96 percent of peers over the past year, according to data compiled by Bloomberg.

The team that manages the $4.3 billion Tweedy, Browne Global Value Fund won the award for best international stock fund manager. The fund, which topped 95 percent of rivals, is run by William Browne, John Spears, Tom Shrager and Bob Wyckoff.

John Carlson, who oversees the $4.2 billion Fidelity New Markets Income Fund, was named fixed-income fund manager of the year. He outperformed 99 percent of competitors over the last year, Bloomberg data show.

The awards are based on short- and long-term performance adjusted for risk, according to Morningstar.