Morley Fund Management
Encyclopedia
Aviva Investors is an asset management company and is part of the Aviva
group. It has global assets under management
of over £235 billion, including:
Aviva Investors employs about 1,100 staff, including 300 investment managers, research analysts, economists and strategists. The majority of employees are based in London
. In addition, companies in the AI group have offices in Des Moines, New York
, Toronto
, Chicago
, Manhattan Beach
, Boston
, Dublin, Luxembourg
, Melbourne
, Warsaw
, Milan
and Madrid
.
The London unit, previously known as Morley, was founded in 1971 as Geoffrey Morley and Partners, bought by Globe Investment in 1988, sold to Commercial Union and became CU Morley in 1990. Rebranded as Morley Fund Management and became the London-based asset management division of CGU in 1999 following the merger with General Accident. Morley merged with Norwich Union
Investment Management in 2000 following the merger of CGU with Norwich Union
. It claims to be the largest UK-owned active fund manager.
The Central Bank of Ireland fined Aviva Investors in July 2011 for failing to have proper controls and procedures surrounding the safeguarding of client assets.
Aviva
Aviva plc is a global insurance company headquartered in London, United Kingdom. It is the sixth-largest insurance company in the world measured by net premium income and has 53 million customers in 28 countries...
group. It has global assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
of over £235 billion, including:
- equities (£54 billion of UK and international equities, accounting for almost 2% of the UK stock market)
- fixed incomeFixed incomeFixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....
(£59 billion of fixed-income assets, bonds and money market instruments) - propertyPropertyProperty is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
investments (£24 billion of UK and European property assets, making it the largest property fund managers in Europe) - cashCashIn common language cash refers to money in the physical form of currency, such as banknotes and coins.In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately...
(£12.5 billion) - other (£3 billion).
Aviva Investors employs about 1,100 staff, including 300 investment managers, research analysts, economists and strategists. The majority of employees are based in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. In addition, companies in the AI group have offices in Des Moines, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, Manhattan Beach
Manhattan Beach
Manhattan Beach may refer to:PlacesIn the United States:* Manhattan Beach, California* Manhattan Beach, Minnesota* Manhattan Beach, Brooklyn, New York...
, Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
, Dublin, Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
, Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
, Warsaw
Warsaw
Warsaw is the capital and largest city of Poland. It is located on the Vistula River, roughly from the Baltic Sea and from the Carpathian Mountains. Its population in 2010 was estimated at 1,716,855 residents with a greater metropolitan area of 2,631,902 residents, making Warsaw the 10th most...
, Milan
Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
and Madrid
Madrid
Madrid is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.271 million. It is the third largest city in the European Union, after London and Berlin, and its metropolitan...
.
The London unit, previously known as Morley, was founded in 1971 as Geoffrey Morley and Partners, bought by Globe Investment in 1988, sold to Commercial Union and became CU Morley in 1990. Rebranded as Morley Fund Management and became the London-based asset management division of CGU in 1999 following the merger with General Accident. Morley merged with Norwich Union
Norwich Union
Norwich Union was the name given to insurance company Aviva's British arm before June 2009. It was originally established in 1797. It is the biggest life insurance provider in the United Kingdom, and has a strong position in motor insurance...
Investment Management in 2000 following the merger of CGU with Norwich Union
Norwich Union
Norwich Union was the name given to insurance company Aviva's British arm before June 2009. It was originally established in 1797. It is the biggest life insurance provider in the United Kingdom, and has a strong position in motor insurance...
. It claims to be the largest UK-owned active fund manager.
The Central Bank of Ireland fined Aviva Investors in July 2011 for failing to have proper controls and procedures surrounding the safeguarding of client assets.