Aviva Investors has signed an agreement with Westwood Holdings, a US-based asset manager to sub-advise its Aviva Investors Global Convertibles Absolute Return fund.
As part of the deal, David Clott and Shawn Mato, currently lead portfolio managers of the fund at Aviva, will join Westwood to serve as lead portfolio managers on Westwood’s new Global Convertible Securities Team.
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Additionally, Justin Craib-Cox, a fund manager within convertible fund team, will remain at Aviva Investors and continues to manage the long-only strategy through the Aviva Investors Global Convertibles Fund.
Clott previously co-managed the long only and absolute return global convertible securities strategies at Aviva Investors and co-founded their convertibles funds in April 2002, while Mato co-managed both the long only and absolute return global convertible securities strategies at Aviva Investors.
Euan Munro, CEO of Aviva Investors, said: "We believe our absolute return convertibles investors will be best served by this new arrangement, as we strengthen our focus on scalable products and core building blocks that can feed into our new outcome-oriented multi strategy fund range.
"With David Clott and Shawn Mato continuing to advise the absolute return strategy at Westwood and Justin Craib-Cox managing our long-only strategy, our clients will be able to maintain seamless access to our Global convertibles offering," he added.
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By GlobalDataBrian O. Casey, president and CEO of Westwood, said: "The addition of the Global Convertible Securities Team will be the latest in a series of strategic additions that we have made to ensure that we can continue to offer our clients the solutions that they desire."
