NETHERLANDS - The e1.3bn Dutch corporate pension fund, Nedlloyd, has appointed Tremont and RMF to manage hedge fund of fund mandates worth e10m each.
Bert Tibben, Nedlloyd’s head of equities and bond investments, said: “We talked to a number of hedge fund managers and decided to hire Tremont and RMF as we felt they were the most experienced. For our first investment, we wanted managers with good experience.”
He added that the fund may consider increasing its investment in hedge funds but had not yet taken a definitive decision to do so.
The pension fund has also hired Lombard Odier to run a private equity mandate worth e15m and Knightsbridge Advisors to manage a e12m mandate.
Tibben said that Nedlloyd had decided to invest in alternatives as it wanted some exposure to “less volatile and absolute return strategies”.
The pension fund is also planning to increase its exposure to property to 20% in the next couple of year. The investment will be through direct and indirect vehicles and will be mostly in the Netherlands.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.