Aviva wins £100m Rank Hovis McDougall UK mandate

The Rank Hovis McDougall Pension scheme has picked Aviva Investors’ multi-manager team to invest £100m in UK unlisted real estate funds.

Aviva said the mandate takes its real estate multi-manager assets under management to £5.5bn. Aon Hewitt advised Rank Hovis McDougall.

In a separate appointment, Tyne & Wear pension fund has decided to stick with Aberdeen Asset Management to run its £360m UK property portfolio.