Richard Penny of Legal & General Investment Management, who invests in UK equities, is the best-performing manager of the week, after his colleague David North, also at LGIM, topped the tables last week.

Penny's £84m (€94m) UK Alpha fund returned 4.77% from Monday to the close of markets yesterday, according to data provider Financial Express. Total returns from the FTSE All Share index were 1% over the period, and the average performance of other funds in its peer group was 0.68%. The figures are in sterling terms.