Aviva takes on two BlackRock real estate funds

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UK - BlackRock Investment Management will transfer two real estate funds of funds worth £54.8m (US$90.4m) and €62.6m (US$93m) to Aviva Investors Global Services after the fund manager left the firm for Aviva.

In a joint statement, the two companies said the transfer of the funds would "help maintain continuity for unitholders", after John Gellatly - who managed the funds at BlackRock - joined Aviva Inve...

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