Investment - Articles - Aviva Investors gains portion of RHM pension scheme assets


 Aviva Investors said on Thursday that it has won a £100 mln (EUR 124 mln) mandate from the Rank Hovis McDougall (RHM) Pension Scheme to be managed by their Real Estate Multi-Manager team. The scheme will invest in a diversified and actively managed portfolio of UK unlisted real estate funds.

 RHM is part of the Premier Foods Group, Britain’s largest food producer. The RHM pension scheme is valued at £2.5 bn and has 46,000 members.

 The mandate win brings the assets managed by the Aviva Investors Real Estate Multi Manager team to over £5.5 bn on behalf of a range of institutional clients including local authority and corporate pension funds. Investments are made according to client requirements, across the risk spectrum and on a global basis.

 'Winning such a high profile mandate is testament to the depth and expertise of our offering and the desire of clients, regardless of size, to continue to secure diversified exposure to the real estate sector through a multi-manager approach,' said John Gellatly, Head of European Real Estate Multi-Manager at Aviva Investors. 'Real estate is one of our key strengths and we were able to demonstrate both our depth of real estate expertise and effective risk management, both of which are key requirements for clients in today’s uncertain economic environment.'

 RHM was advised by Aon Hewitt.
  

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