First State's Martin Lau has beaten stars including Invesco Perpetual's Neil Woodford and Neptune's Robin Geffen to see his Greater China Growth fund ranked the most consistent performer over the three years to the end of 2011.
Royal London Asset Management's(RLAM) net new business fell 66% to £218m for the nine months to 30 September 2011, as market volatility took its toll on sales.
Chaos in markets across the globe this week following heavy sell-offs prompted some commentators to warn of a new credit crunch, and left investors desperately seeking safe assets.
Royal London is in exclusive talks to acquire Co-operative Financial Services' asset management and life insurance arms.