Fidelity Investments has snatched the mantle of top fund management group from Mercury Asset Management in the Reuters 2000 survey of larger companies.
The finance directors from 250 of the FTSE 350 voted in the survey.
Fidelity have regained the number-one spot from last year's highest ranked fund manager MAM which is now pushed down to third place. Schroder Investment Management came in second.
Fidelity Investments director of European research Shigeki Makino says: “We have focused our efforts on improving relations with companies”.
He partly attributes the success of Fidelity to its success in opportunities and risks of the internet.