Aviva Investors today announced it has been appointed by Police Mutual to manage its £42 million UK property fund.
Aviva Investors today announced it has been appointed by Police Mutual to manage its £42 million UK property fund. Police Mutual is the UK’s leading affinity friendly society providing products to the UK police service.
Aviva Investors global real estate multi manager team will be working closely with Police Mutual to manage its property multi-manager portfolio. The portfolio will be managed by John Gellatly, head of real estate multi-manager – Europe.
Police Mutual appointed Aviva Investors to manage this portfolio following its existing manager’s withdrawal from the provision of these services.
Commenting on the appointment, Ian Cordwell, Police Mutual’s finance director, said: “I was very impressed with the solution proposed by Aviva Investors for managing Police Mutual’s UK property multi-manager portfolio. As a mutual society owned by our members, it is vital that Police Mutual gets the best deal for our customers so that we can maximise the potential for investment growth. We look forward to working with Aviva Investors for the benefit of our members.”
Erich Gerth, executive director and CEO of global business development at Aviva Investors commented: “I am delighted that Police Mutual has chosen Aviva Investors to manage its UK property multi-manager portfolio. Police Mutual was looking for a customised solution to meet its requirements and we are pleased that this is something we were able to offer.”
Aviva Investors global real estate multi manager team compromises 20 investment professionals located in London, New York & Singapore. It is responsible for managing more than £5 billion of indirect assets for a range of institutional clients through both segregated accounts as well as pooled fund-of-fund products.
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For more information contact:
Kaidee Sibborn
Corporate Affairs
+44 (0)20 7809 8759
Notes to editors:
Aviva Investors
Aviva Investors is the global asset management business of Aviva plc. The company delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of almost 260 billion at 31 December 2010.
Aviva plc
Aviva is a leading provider of life and pension products in Europe (including the UK) with substantial positions in other markets around the world, making it the world's sixth largest insurance group based on gross worldwide premiums at 31 December 2009.
Aviva's principal business activities are long-term savings, fund management and general insurance, with worldwide total sales* of £47.1 billion and funds under management of £402 billion at 31 December 2010.
* Based on 2010 published life and pensions PVNBP on an MCEV basis, total investment sales and general insurance and health net written premiums, including share of associates' premiums.