Aviva Investors today announced that its Quercus Healthcare Property Fund has won the award for best performing Specialist Fund in the UK at this year’s IPD European Property Investment Awards.
Aviva Investors today announced that its Quercus Healthcare Property Fund (“Quercus”) has won the award for best performing Specialist Fund in the UK at this year’s IPD European Property Investment Awards. This is the second IPD performance award that Quercus has won this year, having recently received the award for Specialist Pooled Funds and Traditional Estates above £500m at the IPD/IPF UK Property Investment Awards.
Quercus, a fund managed by Aviva Investors and Quintain Estates and Development plc, was launched in December 1998 to invest in healthcare facilities throughout the UK and is managed by Sian Humphrey. The assets are sub-divided into two areas of focus: nursing/care for the elderly and the care of younger adults with learning disabilities or specialist needs. Aviva Investors manages the Fund while Quintain is responsible for the management of the assets within the portfolio.
Commenting on the award, Ian Womack, Aviva Investors chief executive real estate, said: “The IPD is a highly respected industry body and to win two awards of this calibre for one fund is a phenomenal achievement and we are delighted. Over the past few years the property market has been exposed to a significant amount of volatility. Despite this, the team at Aviva Investors and Quintain have successfully navigated their way through these headwinds and provided our clients with a fund that has delivered consistent positive returns.
“We pride ourselves on being able to provide innovative solutions to our clients in both the traditional and specialist sectors and in winning these awards we have demonstrated the expertise we have in the management of specialist sector property funds. These awards also reinforce our position as one of the market leaders in this space.”
Now in its sixth year, the awards are presented to the best performing balanced and specialist funds on a three-year annualised total returns basis through to December 2010. Winners are determined by IPD's standardised performance measurement procedures and recognise independently verified investment performance by pension and life funds, pooled property funds, property investment companies and other professionally managed real estate portfolio's across Europe.
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For more information contact:
Kaidee Sibborn
Corporate Affairs
+44 (0)20 7809 8759
Notes to editors:
This press release is distributed by Aviva Investors Global Services Limited of No 1 Poultry, London, EC2R 8EJ. This press release is not available for general distribution in, from or into the United Kingdom because Quercus Healthcare Property Fund is an unregulated collective investment scheme whose promotion is restricted by sections 238 and 240 of the Financial Services and Markets Act 2000.
When distributed in, from or into the United Kingdom, the content of this press release is only intended for persons having professional experience of investing in unregulated schemes, high net worth companies, partnerships, associations or trusts and personnel of any of the foregoing having professional experience of investing in unregulated schemes (each within the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001), persons outside the European Economic Area receiving it electronically, persons outside the United Kingdom receiving it non-electronically and any other persons to whom it may be communicated lawfully.
No other person should act or rely on it.
Other persons distributing the content of this press release in, from or into the United Kingdom must satisfy themselves that it is lawful to do so.
Past performance is not a guide to future.
The opinions expressed are based on the views of Aviva Investors Global Services Limited (Aviva Investors) and should not be relied upon as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature.
Aviva Investors
Aviva Investors is the global asset management business of Aviva plc. The business 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.