Phillips & Drew, the UK fund manager, is the top performing investment house for one year from end of November 1999 to end of November 2000.

Against the median of 0.6% Phillips & Drew returned 7.8%, according to the November Image update from HSBC Actuaries and Consultants. The firm was followed by Bank of Ireland, returning 7.1%, Clerical Medical returning 6.3%, Scudder Threadneedle 6.1% and Flemings at 4.9%.