MN Services, who manage assets for the Dutch metal workers' pension fund, BPMT, has appointed Henderson Global Investors to manage an indirect Asian real estate portfolio.
The EUR100m mandate is the second that MN Services has awarded Henderson. The first mandate, for the European real estate securities portfolio, was awarded to the UK-based asset manager in 1999.
Rodney Bysh, Henderson’s director of the continental European property division, said: “We are delighted to have been appointed by MN Services for a second specialist property mandate and look forward to continuing our successful relationship with them. The appointment underlines Henderson’s reputation as truly global property managers.”
Erwin Stouthamer, director of the international real estate division for MN Services commented: “The appointment of Henderson for this mandate reflects our confidence that they will continue to deliver superior performance returns and client service.” By Janet Du Chenne
Partner Insight: In recent years, pensions administrators have seen scheme member engagement increase significantly. The advent of pension freedoms in 2015 and the increased choices faced by members have led to a sea-change in the levels and types of...
The Pension Protection Fund (PPF) and The Pensions Regulator (TPR) are probing the sale of Johnston Press as concerns are raised over the impact on the publishing house's pension fund.
The Co-operative Group's pension scheme, Pace, will invest up to £50m into the social and affordable housing market over the next 12 months.