Coronation Fund Managers has won a top equities management prize for the second year in a row.

The fund management firm was named Equities Manager of the Year at the annual South African pension service provider awards, the 2011 Imbasa Yegolide Awards for Professional Excellence, held by the Principal Officers Association (POA) and Global Pensions UK.

Coronation won the same award in 2010.

Coronation CEO Hugo Nelson said: “It has been an exceptional period in our history where our philosophy of investing with a long time horizon continued to generate alpha that resulted in strong investment returns for all our clients.

“We are extremely pleased with the award as it is testament to our focus on delivering superior long-term returns for all our stakeholders and always striving to put clients first.”