UK

Aviva Investors has recruited Artemis UK hedge fund manager John Wood to run its UK Growth portfolio.

Aberdeen has completed the final closing on its Credit Suisse acquisition, creating a £133.1bn asset manager.

Derek Stuart is realigning his portfolio defensively, predicting a flattening out of the surge in stock prices which has driven equity markets in recent months.

Aberdeen looks set to sell the Credit Suisse income fund range to LV= Asset Management, with Graham Ashby and the team to join the group.

Rathbones has received FSA approval to launch a recovery fund from the merger of its Special Situations and Smaller Companies vehicles.

Cru is considering an approach to former Arch CIO Michael Derks, with a view to him helping them assume investment management duties over the Arch Cru range.

Charles Deptford is to join Smith & Williamson Investment Management on 3 June as a manager on the S&W Enterprise fund and as lead manager the group's UK Special Situations and UK Equity Growth funds.

PSigma Income fund manager Bill Mott has begun to trim exposure to cyclicals after a number of stocks in the portfolio staged sharp performance spikes over recent months.

Ted Scott will not be returning to F&C as an investment manager following his period of ill health.

Rathbones is to request formal FSA approval for the merger of Rathbone High Income and Rathbone Blue Chip Income and Growth this week.