Donald Tosh and Neil Hermon, Morley Fund Management, come out top in Reuters Survey

Article date: 21 February 2001

Donald Tosh, Head of Corporate Research at Morley FundManagement, has been rated top individual buy-side analyst for the3rd year running in the Reuters UK Larger Companies Survey 2001,released yesterday. Neil Hermon, Head of UK Smaller Companies, hasbeen rated second best individual buy-side analyst in the samesurvey.

In addition to winning these two individual awards, Morley alsocame 7th overall in the Reuters UK Larger Companies top fundmanagement groups survey. This ranks Morley ahead of such firms asHendersons, Scudder, Newton, JP Morgan, Gartmore and UBS AssetManagement.

The Reuters Survey produces detailed industry sector rankings ofthe key people, fund management groups and brokers that are judgedto be the leading authorities on investment in UK Larger Companiesby more than 250 company finance directors. The Reuters fundmanagement survey is increasingly becoming the industry standardand is further recognition of Morley as a leading fund manager.

Commenting on the survey results Mike Bishop, Head of PanEuropean Equities said:

"This is a fantastic achievement for Morley Fund Management. Twoyears ago neither of the ancestor organisations was rated in thetop 20. Now we rate 7th. The importance of global research is a keyfeature of Morley's investment strategy and since the merger lastyear, we have made great progress in building a global researchteam".


For further information please contact

Morley Fund Management
Mike Bishop, Head of Pan-European Equities
020 7809 6223

Donald Tosh, Head of Corporate Research
020 7809 8209

Penrose Financial
Gay Collins/Caroline Deutsch
020 7786 4888

Notes to Editors

Morley Fund Managed is an independently managed, London basedinstitutional asset management business of the CGNU plc.

CGU and Norwich Union merged on 30 May 2000 to create CGNU plc -the world's 6th largest insurer, the UK's largest insurance groupand one of the top-five life insurers in Europe with substantialpositions in other markets around the world.

CGNU's principal business activities are long-term savings,asset management and general insurance with worldwide premiumincome and retail investment sales of £26 billion and assets undermanagement of more than £200 billion.

The institutional fund management business of CGNU in the UKoperates under the Morley brand whilst retail investment businessesoperates under the Norwich Union brand.

Morley Fund Management is a business name ofMorley Fund Management Limited (incorporated in England withRegistered No. 1151805 and Registered Office 1 Poultry London EC2R8EJ) and Norwich Union Investment Management Limited (incorporatedin England with Registered No. 2152949 and Registered Office 8Surrey Street Norwich NR1 3NG) both regulated by IMRO

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