Can Aviva Investors revive itself?

Can Aviva Investors revive itself?

When even your own parent company calls your performance "inadequate", you know you have some work to do.

Aviva Investors, one of the UK’s largest fund managers with £241bn of assets under management, recorded £68m of profits last year, representing just 3% of the group’s overall total. The fund arm has lurched from one problem to another. It did not have a full-time CEO between May 2012 and this January, closed many of its equity products, and wrote off £132m in profits this year after discovering improper trades made by two employees. Most infamously of all, 1,300 staff members in the division were mistakenly sacked back in 2012, according to reports, courtesy of a text message notifica...