Univest Pooled Funds

Univest Pooled Funds

The Univest Investment Funds are multi-country asset pooling vehicles, aimed at supporting Unilever pension funds around the world in implementing their investment strategies. The investment funds operate in the same way as traditional pooled investment funds where pension funds buy/sell units. There are several investment equity, bond and hedge funds, each with its own objective and investment criteria. The equity funds that are available through Univest FCP are tax transparent, which means that the tax treaties of the investors are respected as if they had directly invested in other countries. Univest III and IV have slightly different legal structures as these vehicles are established as SICAV investment companies.

For the Univest FCP, Northern Trust is the Management Company in a formal sense and legally responsible for decision-making. Univest FCP’s Investment Committee advises the Management Company on changes and investment decisions. The governing and investment decision-making groups for the SICAVs are the Boards of those investment companies.

Senior executives of the Univest Company form the Boards of most of the SICAVs and act as the formal Investment Committee of Univest FCP with Northern Trust acting as secretary to the Committee. The Product Group Teams Equity & Alternatives and Bonds & LDI within the Univest Company carry out much of the day-to-day work on the sub funds, reporting to the Investment Committee and Boards. External investment consultants are employed to provide independent advice, research and analysis on the investment managers employed, potential reserve managers and the structure of the sub funds. In addition to the Investment Committee, there is an Investor Group whose members come from the largest investors in the FCP.