Three of the four fund managers criticised by Treasury minister Lord Myners yesterday for failing to "stand up and speak publicly" about their attitude to bankers' bonuses have kept their silence on the contentious issue.

Myners, a former chief executive and chairman of fund management group Gartmore, has been highly critical of the UK's institutional shareholders during the credit crisis. However, this is the first time he has named specific firms - Fidelity International, Legal & General Investment Management, Prudential M&G and Standard Life Investments.