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Aviva Investors loses senior manager amid multi-asset shake-up

Aviva Investor multi-asset senior fund manager Nick Samouilhan

Aviva Investors multi-asset senior fund manager Nick Samouilhan is to leave the firm after seven years “to pursue another opportunity” within the industry.

Samouilhan manages Aviva’s risk-targeted multi-asset funds with Thomas Wells and Paul Parascandalo. He also co-manages the £2.4bn Multi Strategy Target Income fund, and will be replaced by Gavin Counsell, who currently manages a number of other multi-asset funds for the firm.

Samouilhan has outperformed his peer group over five years returning 44.1 per cent against a 42.5 per cent benchmark, according to FE. He joined Aviva in 2010, after starting his fund management career at Investec Asset Management.

The news of Samouilhan’s departure comes as Aviva hires former Santander senior portfolio manager Sunil Krishnan as head of multi-asset funds, a new role at the firm.

Aviva says it will continue its hiring spree within the multi-asset team.

Fitzgerald says: “I am very pleased to welcome Sunil to Aviva Investors. It is a great sign of the ongoing success of our multi-asset proposition that we are able to attract someone of his calibre to our business. I am also pleased to welcome Gavin to the Target Income fund management team.

“In my time working with him, he has demonstrated great skill and brings a strong performance record that will be highly beneficial as we continue to grow the fund.”

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Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.

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