In other surprise moves, PSG Asset Management, which has consistently been in the top three companies for a number of years, has dropped to fifth place, while Coronation Fund Managers have shot up through the rankings to occupy third place. Investec Asset Management is placed fourth.
These results come in the wake of the first-quarter upswing in local financial markets after the shock downturn at the end of last year.
The PlexCrown Fund Ratings rate actively managed retail unit trust funds on risk-adjusted performance over five years.
Management companies are ranked according to the PlexCrown ratings of their qualifying funds (funds score from one to five PlexCrowns, with three PlexCrowns representing average performance). The ratings form the basis of the Raging Bull Awards for unit trust funds, hosted annually by Personal Finance.