Philips Pensioenfonds appoints Aviva Investors to manage global multi-manager real estate portfolio
28 February 2011
(London): Philips Pensioenfonds has appointed Aviva Investors to establish and manage a global multi-manager unlisted real estate portfolio, with a mandate to invest in the Netherlands and the rest of Europe, as well as United States and Asia Pacific.
With around 110.000 scheme members and more than EUR 13 billion of assets under management in defined benefit schemes, Philips Pensioenfonds is the sixth largest pension funds in the Netherlands (17.000 active scheme members, 33.000 deferred members and 60.000 pensioners).
Aviva Investors is a significant player in the global asset management space with more than EUR 300 billion of assets in a wide range of asset classes. It was chosen by Philips Pensioenfonds due to the strength and depth of its global multi-manager team, its integrated asset management structure, strong risk management culture and overall Environmental, Social and Corporate Governance investment credentials.
Commenting on the appointment, Erich Gerth, Executive Director and CEO of Global Business Development at Aviva Investors said: “We are delighted that Philips Pensioenfonds has chosen Aviva Investors to manage its unlisted real estate portfolio. The Netherlands has a significant share of Europe’s pension assets and we are proud to be working with one of the most professional pension funds in this market.”
The multi-manager department is headed by Nick Mansley, Global Director of Multi Manager at Aviva Investors and is Aviva Investors centre of excellence in manager and fund selection, covering all asset classes. The global real estate multi manager team compromises 21 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.
For more information contact:
+44 (0)20 7809 8810
Notes to Editors
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 over EUR 303 billion at 30 June 2010.
- Aviva is the world’s sixth largest1 insurance group, serving 53 million customers across Europe, North America and Asia Pacific
- Aviva’s principal business activities are long-term savings, fund management and general insurance, with worldwide total sales2 of EUR 57 billion and funds under management of EUR 427 billion at 31 December 2009
1 Based on gross worldwide premiums at 31 December 2009
2 Based on 2009 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
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