NETHERLANDS - Dutch telecoms firm KPN is shelving plans to look for managers to run market neutral portfolios for its pension fund.
Jan Willem Baan, the Groningen-based fund’s chief investment officer, said that the fund has put off searching for market neutral managers, but did not specify what the reasons were behind the move. He said the fund has no plans to hire market neutral managers in the near future.
According to International Pension Funds and their Advisors, the KPN funds currently allocate 56% of their assets to equities, 38% to fixed income, and 6% to real estate.
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