Aviva Investors

Managers stand firm as panic-selling continues

A new industry initiative aiming to improve liquidity in the fixed income market has gone live under the title Neptune, supported by 42 banks and investment firms.

Aviva Investors has posted "inadequate profits" once again in the first half of 2015, down 22% from the figure for the same period last year, despite a slowdown in outflows.

Friends Life is planning to transfer £24bn worth of segregated mandates from AXA Investment Managers to Aviva Investors, following its takeover by the latter's parent company at the end of last year.

L&G Investment Management (LGIM) has promoted Andrzej Pioch to co-fund manager on the multi-index fund range run by Justin Onuekwusi.

Holders of Aviva Investors' £159m Asia Pacific Property product face a 12-24 month wait to exit, Investment Week can reveal, after the firm suspended the fund due to redemption requests.

Graham Mudie has joined Aviva Investors' sales teams from Standard Life Investments, as chief executive Euan Munro continues to recruit from his former company.

Aviva Investors has moved its Property trust from offer to bid pricing after experiencing a period of net outflows for the product.

In pictures: Fund Manager of the Year

Investment Week celebrated the 20th anniversary of its flagship Fund Manager of the Year Awards at a glittering ceremony at the Royal Albert Hall last night.