Aviva Investors Multi-Manager

It is a dedicated unit within Aviva Investors, the global asset management subsidiary of Aviva plc — the UK's largest composite insurer. The multi-manager group operates as the external alpha-sourcing division, constructing portfolios of third-party hedge fund and private credit managers. It runs its own manager-selection committee, structurally separate from Aviva Investors' internal single-strategy teams.

The group allocates primarily across hedge fund strategies — including long/short equity, relative value, macro, and event-driven — and private credit, with exposure to direct lending, special situations, and structured credit. It serves as an LP to external GPs rather than a direct lender, selecting specialist managers for asset-origination and workout capacity.

No. The group operates with an open-architecture mandate designed to identify external, capacity-constrained managers — not to recycle capital into Aviva's internal single-strategy products. Its governance separates external-manager selection from internal portfolio management to reduce conflicts of interest.

It runs a formalized search-and-monitor framework combining operational due diligence, risk-system integration, and legal negotiation — all supported by Aviva plc's institutional infrastructure. The process targets non-consensus, emerging, and capacity-constrained managers rather than large, widely-distributed fund platforms.

The principal investment and research team is based in London, with additional personnel in New York and Austin, Texas. These offices provide coverage of European and North American alternative manager ecosystems.