Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

10527

Alliance Trust and Aviva agree investment-advisory deal for GBP1.2bn SRI fund portfolio

RELATED TOPICS​

Aviva Investors and Alliance Trust Investments have entered into an investment-advisory agreement for Aviva Investors’ GBP1.2bn Sustainable and Responsible Investment (SRI) funds, to be implemented by 31 August 2012.



At the same time, the Aviva Investors SRI team, headed by Peter Michaelis, is moving to establish an SRI capability for Alliance Trust Investments. The team will continue to provide investment advice for the current SRI funds under an investment-advisory agreement. Each of the funds will be managed with the same investment objectives and same investment process.

It is intended that full authorised corporate director responsibilities for the seven OEIC funds will transfer to Alliance Trust Investments in early 2013, subject to legal and regulatory approval. For the Luxembourg fund, Aviva Investors is considering the long-term future of the fund structure and will contact investors once any plans are in place and agreed with the regulator.

Paul Abberley (pictured), interim chief executive of Aviva Investors, says: “This is a good outcome for our clients and also our business. The transfer of our SRI team to Alliance Trust Investments will facilitate a seamless transition of responsibilities and ensure consistency is maintained in the investment process.

“In January this year, Aviva Investors decided to focus its business on areas of existing competitive strength, which includes fixed income, multi-asset solutions, real estate, and core equities. As a result, the decision was taken that a new institutional home should be found for our dedicated SRI capabilities.”

Ed Troughton, managing director of Alliance Trust Investments, says: “Securing this highly respected SRI team led by Peter Michaelis underlines our future growth strategy of focusing on global equities and fixed income with an emphasis on specialist investment opportunities. It is also further evidence that we are rapidly carving out a reputation as one of the UK’s leading specialist investment houses.”

The SRI Advisory Committee, an independent committee that provides additional oversight and advice on the funds, will also continue to work with the SRI team following the transfer to Alliance Trust Investments.

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by