Coronation Fund Managers has won another award after the group’s Global Emerging Markets Fund took a top prize at one of South Africa’s most prestigious awards ceremonies.

The Fund took the Raging Bull Award for the best offshore global equity fund over three years to the end of 2011.

The annual awards, held in Cape Town, recognise top funds and managers delivering long-term performance. Coronation’s USD-denominated fund had an average annual return of 16.6% in local currency terms and outperformed its benchmark by 1.5 percentage points.

The award comes after Coronation, which manages the WIOF African Performance Fund, was last year named Equities Manager of the Year for the second consecutive year at the annual South African pension service provider awards.