NETHERLANDS - The e11.7bn Doctors Pension Funds has awarded JPMorgan a transition management mandate, with e9bn in government bonds already transitioned.
The Doctors Pension Funds - comprised of Stichting Pensioenfonds voor Huisartsen, a scheme for general practitioners, and Stichting Pensioenfonds Medische Specialisten, a scheme for medical specialists - said it had decided to shift from internal to external fund management. .
The two funds’ assets will be managed by 30 external fund managers.
JPMorgan said the mandate represented the largest transition management transaction it had handled to date, and described it as “one of the largest transactions in Europe this year.”
John Minderides, head of transition management at JPMorgan in Europe, described it as a “significant mandate.”
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