NETHERLANDS - Dutch pension giant ABP has said that it has no "concrete plans" to sell more of its in-house Dutch mortgage portfolio.
The Heerlen-based fund was responding to claims that it was looking to make more of the portfolio available to external investors following a recent EUR2.2bn sell off.
ABP confirmed that this first slice of mortgage loans would be used to finance outstanding commitments including securities, private equity and other alternative investments.
The fund has committed itself to a 52% equity investment allocation. At present this figure stands at 38%.
ABP is also looking to further seed its private equity and hedge fund interests. In May the fund announced that it was looking to lift private equity from 1.5% to around 4% of the total portfolio.The fund was also eyeing a 2% total investment in hedge fund of funds.
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