Aviva’s David Clott and Shawn Mato who have been the lead portfolio managers of the fund will join Westwood to be the lead portfolio managers on Westwood’s new Global Convertible Securities team.
Clott and Mato have worked together for over 10 years and their current fund has over US$500 million in assets.
Justin Craib-Cox remains at Aviva and will continue managing the long-only strategy through the Aviva Investors Global Convertibles fund.
“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,” said Euan Munro, Aviva Investors CEO.
“We appreciate the opportunity to sub-advise the Aviva Investors Global Convertibles Absolute Return fund,” said Brian O. Casey, Westwood president and CEO.
“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,” he added.
