Morley Fund Management has been awarded two mandates on behalf of Kelda Group Pension Plan.
Morley Fund Management has been awarded two mandates on behalf of Kelda Group Pension Plan. Morley will run a Ł50m fixed income mandate and a Ł50m indirect property mandate for the pension fund.
The fixed income mandate will be run by Mark Gull, corporate bond fund manager, and invested in corporate bonds and gilts. The property mandate will be invested in indirect property via a multimanager approach managed by Phil Ellis, Head of Institutional Property Funds.
Commenting on the mandate appointment, Alistair Morrison, Managing Director, Institutional at Morley said:
"We’re delighted to have been awarded both these mandates by Kelda. Winning these mandates is further recognition of the breadth and depth of Morley’s expertise in fixed income and property. Providing viable investor solutions for our clients is important as we continue to grow Morley’s external business and these mandate wins are evidence of this."
Morley is a committed active manager of bonds and employs around 50 investment professionals across the fixed income asset classes of credit, global and UK sovereign products.
Morley is also one of Europe’s largest property fund managers, managing over Ł15bn of UK and European property assets. The team has been at the forefront of innovation in property fund management and has established 11 specialist sector based funds amongst its product range.
In April 2005, Morley announced the appointment of James Tanner to the new position of managing director, Distribution. In this role James will provide overall focus for all of Morley’s distribution activities in the UK and internationally.
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For further information please contact:
Laura Cook, Corporate Communications Executive 020 7809 8125
Laura.cook@morleyfm.com
Notes to Editors
Kelda Group
Kelda Group provides water and waste water services to customers in the UK and US, employing over 3,000 people. Yorkshire Water is Kelda’s main UK subsidiary, providing water and waste water services to more than 4.7 million people and 140,000 businesses. Kelda also owns the US water supply business Aquarion, one of the ten largest investor-owned water utilities in the US, and the largest privately owned utility in New England.
Kelda also has a number of successful non regulated businesses focussed on water, business services and property. These include Yorkshire Water Projects, Safe Move, Loop and Keyland Developments.
Morley Fund Management
Morley Fund Management Limited (Morley) is a London based, asset management business with over Ł128 billion* under management. It actively manages a diverse range of asset classes and employs in the region of 200 investment professionals. Companies in the Morley Group have operations in Boston, Dublin, Luxembourg, Melbourne and Warsaw. Morley has representative offices in Milan and Madrid.
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 under the Norwich Union brand, and international funds marketed under the Aviva Funds brand.
*as at 31.03.05. Not including mortgage assets
Further information about Morley Fund Management can be found at www.morleyfm.com
Telephone calls may be recorded for training and monitoring purposes.
Morley Fund Management is a business name of Morley Fund Management Limited, registered in England No. 1151805. Registered Office: No. 1 Poultry, London EC2R 8EJ. Authorised and regulated in the UK by the Financial Services Authority and a member of the Investment Management Association.
Morley Fund Management is also a business name of Morley Fund Management International Limited. Both are Aviva companies.
Contact us at Morley Fund Management, No. 1 Poultry, London EC2R 8EJ.
MFM/05/756