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Multi-asset survivors: The six funds still loved after a decade

Aberdeen has reported a worse than expected £11.3bn outflow for the six-month period to the end of March despite a rise in revenues over the period.

Aberdeen Asset Management has made a £38.3m top-up payment to Lloyds Banking Group for Scottish Widows Investment Partnership (SWIP), which it acquired last year.

The volume of assets held in underperforming funds has fallen by a quarter, although the number of funds has increased, according to Chelsea Financial Services' latest RedZone list.

Aberdeen Asset Management may be among the bidders for Russell Investment Management, the $260bn asset manager put on the block by London Stock Exchange Group, according to analysts at Numis.

Aberdeen Asset Management's CEO Martin Gilbert has dismissed the option of re-opening the group's soft-closed emerging market equity products, despite continuing outflows from the funds.

Aberdeen Asset Management has suffered £4.8bn of outflows in the three months to the end of December, higher than analyst expectations, as poor emerging market sentiment weighed on its funds.

From 600 ideas initially suggested by fund groups last year, Architas has selected six funds to watch in 2015 as part of the AXA Wealth Showcase fund range.

Mark Connolly, formerly head of fixed income at Scottish Widows Investment Partnership (SWIP), has joined Aviva Investors as chief investment officer, fixed income.

Kames Capital has appointed former SWIP global equities manager Craig Bonthron to its global equities team.