Aviva Investors Returns Enhancing and Liability Matching Funds

Bedell Cristin partner, Bruce Scott, assisted by lawyer Amedeo Claris, provided Jersey legal advice to Aviva Investors in connection with the establishment and launch of five Jersey Expert Funds constituted as unit trusts and known as the Aviva Investors Returns Enhancing and Liability Matching (REaLM) funds. The REaLM funds will invest predominantly in UK real estate and infrastructure assets.

The REaLM funds are designed to address under-funding issues currently experienced in Defined Benefit Pension Funds in the UK through asset allocation which offers long term index-linked income streams backed by strong credit and good security, with the aim of providing an enhanced return over and above Index Linked Gilts. Each REaLM fund will invest in assets within a particular real estate sector, or in infrastructure assets.

Bruce Scott commented:"We are very pleased to have advised the team at Aviva Investors in connection with the launch of these innovative long term fund products. Aviva Investors' decision to use Jersey as a domicile for the REaLM funds demonstrates Jersey's continuing attraction to blue chip fund promoters."