The funds concerned, all Sicavs, are the £200m Absolute TAA, available in sterling and euros, as well as the euro-only €15m Absolute TAA 5 Fund.
The Absolute TAA Fund has a gross target of 20% above its benchmark of either one-month Libor or one-month euribor; the Absolute TAA 5 Fund targets 5% gross above one-month euribor.
Both funds have been managed by Adrian Jarvis since launch and he was joined 18 months ago as co-manager by Hassan Johaadien.
The two will stay with Aviva Investors and continue with their other responsibilities with Jarvis heading the multi-asset team.
The change takes effect from tomorrow, 11 July.
This move is the latest in a series of changes resulting from a strategic review and the subsequent restructure that has seen the departure of a number of high-profile figures including Alan Dromer, the company’s chief executive, and John Clougherty, director of UK collective investments.
