Audrey Ryan, an equities manager at Kames Capital, has risen to top spot in The Herald's monthly Citywire table of top-performing managers .
Ms Ryan was one of three managers at Kames, part of Aegon UK, in the top six places in the rankings of managers working for investment houses with a significant presence in Scotland.
The latest Citywire monitor measures three-year performance to October 31, and awards its ratings accordingly. After securing no AAA ratings the previous month, Scottish managers managed two in the latest table.
However overall 21 managers were AA-rated compared with only 14 a month earlier.
Ms Ryan manages the UK Opportunities and two ethical funds for Kames, and was ranked 244 in the UK manager universe, while David Gait at 252 was also AAA-rated. Mr Gait manages a range of funds at First State including Asia Pacific, Global Emerging Markets Sustainability, Indian Subcontinent, and Worldwide Sustainability. Ms Ryan's showing improved from 399 the previous month and Mr Gait's was up from 479.
The Scottish showing in the higher reaches of the UK league was again weaker overall than in the early part of 2014. In the three-year table to April 30 there were 14 managers in the UK's top 300, but by July that had sunk to just two and by September to none, while this time the number of managers in the top 500 drops from 12 to six.
In third place, AA-rated and ranked 399 (down from 376) , in the latest table is Stephen Snowden, who runs two investment grade bond funds at Kames. Next comes Thomas Moore, co-manager of SLI's UK Equity Income Unconstrained fund, at 454 (down from 380), followed by his colleague Jacqueline Lowe at 458 (down from 322). Ms Lowe topped the previous table for the record of her Dynamic Distribution fund at SLI, which has a big holding in the unconstrained fund co-managed by Mr Moore and Edward Legget, whose ranking falls from 370 to 510.
There is a big leap up the table for Kames fixed income manager Iain Buckle (940 to 472) who claims sixth place, and he is followed by Artemis global income fund manager Jacob de Tusch-Lec, who led the pack for several months during the year and whose ranking falls further, from 418 to 507.
The top ten is completed by two more former leaders of the table, Baillie Gifford's duo Sarah Whitley and Matthew Brett. Ranked in the top 100 UK-wide in the three years to March 31, their relative ranking has now slipped to 5126 (from 488) in the three years to October 31.
Two of the 14 new entrants into the list, Paul Varunok and Roger Bayston at Franklin Templeton, run funds on sale in the UK but without a sterling share class, a new category in the Citywire UK universe.
That helped Franklin Templeton increase its representation on the Scottish list from 14 to 21 managers, level with Baillie Gifford which improved from last time's 17, while Standard Life Investments moved up from 14 to 15.
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