Aviva Investors

Aviva Investors is to close its UK Absolute Return fund, run by Trevor Green, as well as Peter Fitzgerald's Diversified Strategy fund, Investment Week can reveal.

Pension savers will be among the targets of Aviva Investors' forthcoming low volatility multi-asset strategy, the firm's head of multi-asset has said.

Aviva Investors has appointed Ian Pizer from Standard Life Investments' GARS team as senior asset manager on its multi-asset team, led by Peter Fitzgerald.

Bond managers have welcomed a series of European high yield ‘megadeals' offering a cheaper alternative to typical issuance.

M&G's Tom Dobell has been upping his stake in the firm he described as formerly the "worst-run company" in the FTSE 100 in anticipation of a change of fortunes for the business.

Aviva Investors has confirmed the hire of Mark Versey, former chief investment officer at Friends Life, as director of client solutions.

Aviva Investors has sold its US equity investment management subsidiary River Road Asset Management in an effort to streamline its US business.

The Big Question

The "improper" allocation of trades in fixed income securities by two former employees cost Aviva Investors some £132m, it has announced.

As the latest figures from the IMA show Absolute Return funds have seen their highest retail sales for over four years, Standard Life Investments' phenomenally successful GARS fund is starting to face more competition from peers.