Aviva fund unaffected by departure
Standard & Poor’s Fund Services’ (S&P’s) ratings on two funds managed by Aviva Investors have been unaffected by the announcement that Michael Brown has left the firm.
Brown was the deputy portfolio manager of Aviva Investors’ Professional High Growth Shares Fund and the deputy portfolio manager of its Professional Listed Property Fund.
The High Growth Shares Fund will continue to be headed up by portfolio manager Richard Dixon, who will be supported by Richard Colquhoun as deputy portfolio manager. Brett McNeil, portfolio manager of the Listed Property Fund will continue to manage the strategy and will be supported by Colquhoun as deputy portfolio manager.
S&P added that it was comfortable with the current management of the funds but would continue to monitor any further changes at the firm.
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
