Aviva Investors lead multi-asset fund manager Justin Onuekwusi is leaving the firm to pursue other opportunities.
Onuekwusi manages the five funds in the Aviva multi-asset range, which include the £16.2m Aviva Investors Multi Asset I, £79.1m Aviva Investors Multi Asset II, £81.9m Aviva Investors Multi asset III, £89.5m Aviva Investors Multi Asset IV and £21.1m Aviva Investors Multi Asset V funds.
Management of his portfolios will be passed to deputy manager Nick Samouilhan. Co-head of multi manager Peter Fitzgerald will act as co-fund manager on the range.
Onuekwusi has been with Aviva since 2010. Prior to joining the firm he was a fund research analyst at Merrill Lynch and has also worked as an investment consultant for Aon Consulting.
In a statement, Aviva Investors says: “Multi-asset funds at Aviva Investors have always been managed with a team-based investment process with investment decisions being taken by the fund managers based on inputs from the wider multi-asset solutions group of 21 investment professionals.
“We do not anticipate any changes to the investment process.”
Bestinvest managing director Jason Hollands says: “The multi-asset type of investment approach is inherently more team based than a single strategy fund because of the sheer breadth of instruments and asset classes that can be included in the portfolios.”