Aviva Investors brings multi-manager suite in-house

Aviva Investors has confirmed its long-standing plans to bring the group's £1.3bn multi-manager mandates in-house.

Ian Aylward and Peter Fitzgerald, senior portfolio managers at the group, will manage the fund of funds which were previously outsourced to FundQuest. The team is also taking over the manager of manager range from Close Investments. Both Aylward and Fitzgerald will oversee the Aviva Investors £140m Balanced fund of Funds, the £198m Cautious fund of funds and £56m Growth fund of funds. Nick Mansley, global director of multi-manager, says the move is an "important step" for the group, which has poured significant investment into the multi-manager space over the last three years. "...