Property

Aberdeen has promoted Simon Moscow to head of UK asset management within its property division as Giles Easter departs the group.

Aviva Investors has moved its Property trust from offer to bid pricing after experiencing a period of net outflows for the product.

Legal & General Property has hired a trio of asset managers for its UK Property fund as strong flows see assets surpass £2bn.

Fund groups are scaling back marketing activities relating to their UK property funds as they fight the tide of continual inflows into the sector.

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Hermes has relaunched its real estate debt fund in a bid to take advantage of the burgeoning opportunities in UK commercial property.

Ian Womack, chief executive of Aviva Investors' global real estate business, is retiring from his role, to be replaced by Ed Casal.

AXA IM has launched a property fund that will invest in both equity and debt in an effort to produce a return profile similar to that of direct real estate investment.

Hermes Real Estate has hired Aviva Investors' manager Philip Nell as a fund director charged with overseeing a new property portfolio at the group.