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BlackRock transfers real estate fund of funds to Aviva

BlackRock is to transfer the management of two real estate fund of funds to Aviva Investors following the departure of the funds’ lead manager to the firm. 

Manager John Gellatly joined Aviva’s real estate multi manager team from BlackRock in September.  The transfer of the institutional funds will complete on November 24 and seeks to maintain continuity for unitholders.

Upon completion of the deal both BlackRock funds will be renamed under the Aviva brand.

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