RJ and Makay

Seven mutual funds run by Columbia Management have received 2011 Lipper Fund Awards, says Ameriprise Financial, which owns Columbia. Here are the seven funds that won the award for consistently achieving the strongest risk-adjusted performance relative to their peers over the three, five, or 10-year period ending December 31, 2010.

• Columbia 120/20 Contrarian Equity Fund (I shares), Extended Large-Cap Core category (35 funds) - 3 years
• Columbia US Treasury Index Fund (Z shares), General U.S. Treasury category (35 funds) - 3 years
• Columbia European Equity Fund (I shares), European Region category (88 funds) - 5 years
• Columbia Acorn International (Z shares), International Small/Mid-Cap Growth category (26 funds) - 10 years
• Columbia Oregon Intermediate Municipal Bond (Z shares), Other States Intermediate Municipal Debt category (92 funds) - 10 years
• Columbia Strategic Investor Fund (Z shares), Multi-Cap Core category (277 funds) - 10 years
• Columbia Technology Fund (Z shares), Science & Technology category (101 funds) - 10 years

"Having seven funds in seven separate categories recognized by Lipper demonstrates the depth and breadth of the Columbia Management product line-up," says Ted Truscott, CEO of U.S. Asset Management for Ameriprise Financial. "These awards are a testament to the disciplined investment processes and in-depth research capabilities of our investment management teams."

2010 was a very good year for Ameriprise Financial. The company generated net income of $1.1 billion and operating earnings of $1.2 billion — a company record.

The fourth quarter shaped up nicely, as well. Net income spiked almost 29% to $305 million from $237 million in the fourth quarter of 2009. Net income per diluted share was up more than 31% to $1.18 compared with $0.90 a year ago.