Aviva

Cash positions across bond funds are creeping up as managers struggle to maintain liquidity in an environment of restricted bank lending.

Operating profits at Aviva Investors have tumbled 9% ahead of a planned scale back in distribution to retail investors.

ETHICAL

Industry figures have told MPs they fear "turf wars" breaking out between different regulatory bodies, and called for the Financial Conduct Authority (FCA) to be more accountable.

Managers have attacked the UK initial public offering (IPO) market, branding it as ‘broken', ‘dysfunctional' and ‘dead', following a summer of delays and cancellations.

Ex-Henderson manager Trevor Green has revamped the £128m Aviva Investors UK Focus fund since he took it over from Mervyn Douglas in May this year.

John McFarlane, former chief executive of the Australia and New Zealand Banking Group (ANZ), is to become the new chairman of Aviva.

With 2010 proving a difficult year for equity income, the first quarter of 2011 has provided some hope for the sector, writes Peter Brunt, analyst at S&P Fund Services.

Aviva has appointed Trevor Matthews as CEO of its UK region and as an executive director of Aviva.

Aviva Investors is launching a US Equity Income fund on 1 July, managed by wholly-owned US equity subsidiary River Road Asset Management.