M&G won the Outstanding Investment House accolade at last night's OBSR Honours Dinner, held at the Dorchester Hotel in London.
Commercial property may have regained some of the ground it lost since the Lehman Brothers collapse but it appears investor sentiment is cooling on the asset class.
Stefan Isaacs is taking over from Jim Leaviss as lead manager of the £1bn M&G High Yield Corporate Bond fund from 1 October.
M&G is launching what it believes to be the first inflation-linked corporate bond fund aimed at retail investors in the UK.
M&G has moved its £360m offshore Property fund from creation to cancellation pricing as it has suffered "small but persistent" redemptions.
The board of the £198m M&G Equity investment trust has outlined the options for investors ahead of its wind-up date in March 2011.