NETHERLANDS - The €550m (US$795m) Siemens Stichting Pensioenfonds has finished streamlining its asset management system, MandateWire reports.
The scheme concluded a review of its asset allocation and its manager strategy in the first quarter of 2008.
This review did not lead to great changes in asset allocation, but did inspire the pension fund to overhaul its management system, to bring it closer to that of the firm's German pension scheme.
Last year, the fund told MandateWire it was reorganising its assets, linking the organisation to other international Siemens schemes.
"There have been some changes to the manager roster because we now collaborate closely with Siemens KAG, which selects the managers for the entire Siemens group, meaning that we try to select those same managers as much as possible." Jansen said.
The changes in the roster were not disclosed
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