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People's patience with the investment management market is wearing dangerously thin.In the UK, the Financial Conduct Authority warned the country's £5tn asset management industry at the end of last month that it is not doing nearly enough to guard against potential insider trading and market abuse.A day later, while launching its investigation into investment and corporate banking, the FCA said it would consider carrying out a similar study into asset management and related services.Clearly there are a number of fund companies and advisers that do put investors first, and of those there are too many to name.As if to exemplify this, just last week Aviva Investors, the fund management arm of Aviva, was hit with the second-largest fine on record for a UK asset manager after the FCA found its traders manipulated deals for their own profit.
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