Industry

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

Saunderson House is coming up with a total cost of ownership fee structure that will include all advisory, platform, fund and investment costs.

Standard Life Investments has agreed to buy Ignis Asset Management for £390m, in a move which will also see the group work more closely with Ignis' parent Phoenix Group.

Standard Life has tabled a reported £400m bid for Ignis Asset Management.

Jupiter's new CEO Maarten Slendebroek has outlined his vision for the business as he takes over from Edward Bonham Carter.

The manager of the Allianz RCM Technology trust is looking to the burgeoning mobile advertising market to help the new generation of tech companies boost revenues this year and beyond.

Vinculum Fund Management, launched by former chief executive of Liontrust Nigel Legge in 2011, has closed after failing to raise sufficient assets.

Michael Paul, investment manager at City Asset Management, is joining Brewin Dolphin's research team.

Close Brothers has reported rising profits for the six months to January, with its broker arm Winterflood especially benefiting from improved trading conditions.

Richard Plackett is to take a six-month sabbatical from BlackRock, handing his portfolios to other members of the team.