Zephyr Releases PSN Top Guns List for Q4 2025, Highlighting Best-In-Class Separate Accounts, Managed Accounts and Managed ETF Strategies

Global Markets Thrive in Q4 2025

NEW YORK, Feb. 26, 2026 /PRNewswire/ — Zephyr, a subsidiary of Informa plc (LSE: INF), and a recognized leader in asset and wealth management software has released its highly anticipated PSN Top Guns List for Q4 2025. The list is an important reference for plan sponsors, investors and asset managers, showcasing the best performing separate accounts, managed accounts, and managed ETF strategies each quarter.

“These managers have successfully steered through transformative events such as the COVID-19 pandemic market crash, the Brexit referendum, the US-China trade war, and the global sell-off of 2015-2016,” says PSN Product Manager Nick Williams. “Their ability to adapt to evolving market conditions, strategically position across asset classes, and capture opportunities underscores the enduring importance of active management in delivering value to investors.”

Asset and wealth managers use Zephyr’s PSN to connect with institutional and retail investors. The PSN SMA database includes over 2,800 firms, 285 universes, and more than 21,000 products, detailing asset breakdowns, compliance, key personnel and more. PSN’s unique feature is its extensive historical database, offering more than 40 years of data, including net and gross-of-fee returns.

Zephyr’s Market Strategist Ryan Nauman evaluated this quarter’s PSN Top Guns list and noted, “The fourth quarter of 2025 demonstrated the resilience of global markets, with equities delivering positive returns, despite challenges such as the longest U.S. government shutdown in history and geopolitical tensions. The solid performance across asset classes was driven by accommodative monetary policies, easing inflation, and strong economic recoveries in key regions.”

Nauman reviewed three universes for this quarter. Below are some of the strategies that make up the PSN Top Guns list for the Large Value Universe:

• Slow Capital, Inc: Slow Capital Stock (+10.1% for the quarter)
• Columbia Threadneedle Investments: US Focused Large Cap Value (+9.4% for the quarter)
• Harris Associates L.P.: U.S. Concentrated Equity (+8.6% for the quarter)

The following strategies make up the PSN Top Guns list for the Europe Universe.

• ARGA Investment Management, LP: ARGA European Equity Strategy (+10.8% for the quarter)
• Wellington Management Company LLP: European Contrarian Value (+9.3% for the quarter)
• Pzena Investment Management, LLC: Pzena European Focused Value (+8.6% for the quarter)

Below are some of the strategies that make up the PSN Top Guns list for the High Yield Universe:

• Fidelity Institutional Asset Mgmt.: High Yield Opportunistic (+2.4% for the quarter)
• Loomis, Sayles & Company, L.P.: Opportunistic Securitized Credit (+2.2% for the quarter)
• Sage Advisory Services, Ltd. Co.: Sage High Quality High Yield (+2.1% for the quarter)

To enhance PSN contributors’ reach even further, Zephyr has offers a robust Promotional and Market Intelligence package program, the PSN Manager Advantage. The promotional package offers digital coverage and brand publicity, featuring ongoing marketing and a dedicated landing page to educate investors s about individual SMAs. The Market Intelligence Package provides actionable market insights from the PSN Database, enhancing exposure and branding. Visit https://informaconnect.com/zephyr/psntopgunsmanageradvantage/ to learn more.

In addition to the PSN Manager Advantage program, PSN has launched the “Inside SMAs” podcast, creating a dynamic platform for exploring SMA strategies, market trends, and industry insights. This engaging series brings together thought leaders to discuss the evolving landscape of separately managed accounts. If you’re interested in sharing your expertise as a guest on the podcast, please contact nick.williams@informa.com. View all episodes here.

Nauman’s complete Q4 2025 PSN Top Guns Commentary can be viewed on the company’s website. The complete PSN Top Guns list and an overview of the methodology, can be found here. If you would like to learn more about becoming a part of the PSN database or would like to subscribe to PSN data, visit PSN.

Zephyr’s PSN Outlook for 2025 highlights thought leadership in asset management with articles from leading SMAs firms including Affinity Investment Advisors, Ativo Capital, Aapryl, a subsidiary of Xponance, Boston Common Asset Management, Capital Wealth Planning LLC, Cornerstone Investment Partners LLC, Data Centrix, finmason, Horizon Investment Services, Martin Investment Management LLC, One Oak Capital Management, Oppenheimer Investment Management, Rothschild Wealth Partners, Shaker Investments, Tannin Capital. Zephyr’s PSN Outlook for 2025 can be accessed here.

About PSN
For over four decades, PSN has been a top resource for asset and wealth managers. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of more than 40 Years of Data Including Net and Gross-of-Fee Returns. For more details visit PSN online to learn more.

About Zephyr
Zephyr‘s award-winning asset and wealth management software offers portfolio construction, proposal generation, advanced analytics, asset allocation, manager screening, risk analysis, portfolio performance and more, transforming multifaceted data into digestible intel. The award-winning technology empowers financial professionals to navigate a bullish or bearish market. Zephyr was honored with the 2025 FinTech Breakthrough Award for “Best Wealth Management Company.” It followed the previous year’s 2024 FinTech Breakthrough Award for Best Overall Analytics Platform. Zephyr’s asset and wealth management software allows asset managers to communicate their strategies more cost-efficiently by using customized, on demand template technology. To learn more about Zephyr, visit ZephyrFinancialSolutions.com.

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SOURCE Zephyr, an Informa Company