Morley Fund Management is a UK-based asset management company and is part of the Aviva group. It has global assets under management of over £156 billion,[1] including:
- equities (£54 billion of UK and international equities, accounting for almost 2% of the UK stock market)
- fixed income (£59 billion of fixed-income assets, bonds and money market instruments)
- property investments (£24 billion of UK and European property assets, making Morley the largest property fund managers in Europe)
- cash (£12.5 billion)
- other (£3 billion).
Morley employs about 675 staff, including investment managers, research analysts, economists and strategists. The majority of employees are based in London. In addition, comanies in the Morley group have offices in Boston, Dublin, Luxembourg, Melbourne, Warsaw, Milan and Madrid. It 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.[2]
See also
Notes and References
- ^ Assets under management as at 30 June 2006
- ^ Aviva company information. Retrieved on 2007-05-13.
