NETHERLANDS - Zeist-based pension fund PGGM has been forced to rethink its investment strategy following worse than expected returns for 2002.
The E45bn scheme for Dutch health and social workers blamed sharp declines in international equity markets for a -6.9% drop in asset value last year. Funding levels also fell by 18% to 106% compare...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date