Morley strengthens property team

Morley Fund Management, one of the UK's largest fund managers, has appointed Graeme Rutter as an assistant fund manager for its Property Fund of Funds.

Morley Fund Management, one of the UK's largest fund managers, has appointed Graeme Rutter as an assistant fund manager for its Property Fund of Funds. He reports to Phil Ellis, head of institutional fund management within Morley's property team and joined during May 2004.

Graeme joined from FPDSavills, where he was a director working in investment agency. He developed wide experience within FPDSavills, advising clients on commercial transactions (primarily in the retail warehouse and shopping centre sector), portfolio analysis and advising on the establishment and operation of limited partnerships and unit trusts.

His career in the property industry spans nearly 10 years. He joined FPDSavills from Weatherall Green & Smith in 1998.

Commenting on the new role, Ian Womack, head of property at Morley Fund Management, said: "We are committed to enhancing the strong property team here at Morley with new, talented fund managers, and are delighted to welcome Graeme to the team. We hope to make further key additions to our team in the coming months."

"Morley Fund Management manages in excess of Ł12 billion of property assets and is one of the leading property investment managers in the UK. We look after monies for both retail and institutional clients and in addition provide innovative solutions such as specialist limited partnerships focusing on industrial, commercial and retail property."

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Notes to Editors
Morley Property

  • The property team at Morley manages in excess of Ł12 billion of UK Property assets (as at 31.03.04), making Morley one of the largest property fund managers in the UK. The team consists of in excess of 50 investment professionals and manages a range of funds, including segregated and pooled pensions as well as two retail unit trusts. The funds range across standard and non standard property investments and include, amongst others, a regeneration fund and a PFI fund. Morley has been at the forefront of innovation in limited property partnerships and has launched 10 specialist sector based funds, including the Ashtenne Industrial Fund, The Junction and The Mall Fund.

Morley Fund Management

  • Morley Fund Management ('Morley') is an independently managed, London based, asset management business with over Ł111 billion* under management (as at 31.03.04). It actively manages a diverse range of asset classes and employs in the region of 900 staff worldwide based in London, Singapore and an associate office in Boston**.
  • Morley is a wholly owned subsidiary of the Aviva Group and manages both institutional and retail funds under the Morley brand. It also acts as investment manager for a range of retail investment funds, marketed in the UK by Norwich Union, and international funds marketed under the Aviva Funds brand.

* Not including mortgage assets
** Morley Fund Management International Limited, an Aviva company

Awards
Property Week Awards 2004 - Best Property Fund Manager
Pensions Management Provider Awards 2003 - Best Property Fund Manager
Fund Manager of the Year - Pensions Week Awards 2002
Specialist Manager of the Year - UK Pensions Awards 2002
Insurance Fund Manager of the Year (awarded to Norwich Union) - Standard and Poor's 2002
Sustainable and Ethical Investment and Asset Management Award - Liveable City Awards 2002

MFM/04/662

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