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Aviva Life awards $1.7 billion mandate

Date: Thu, 03 Apr 03 Analysis

LONDON, UK - Aviva Life Insurance Company, the life arm of the insurance giant, Aviva, has announced that it has appointed Morley Fund Management to run a $1.7 billion mandate.

The fund will be split between $1.6 billion in corporate bonds and $100 million in convertibles.

'Our relationship with Morley is already off to a great start as a result of hard work on our behalf,' said Hans Carstensen, president and chief executive officer of Aviva Life.

Morley is one of Europe's largest fund managers. Both Morley and Aviva Life are part of the Aviva Group, one of the top ten insurance companies in the world.

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