NETHERLANDS - PGGM has awarded a €250m (US$329m) multi-asset class emerging market mandate to Albright Capital Management.
A PGGM spokesperson said the long term mandate would be over an as-yet unspecified period.
Investments CEO Else Bos said Albright Capital offered a way to integrate expertise in international affairs with investment professionalism.
"This will be particularly helpful in emerging markets, but we do expect the strategic relationship with Albright Capital to be of value for other investments of PGGM as well,” said Bos.
Investment adviser Albright Capital, which is chaired by former US Secretary of State Madeleine Albright, is registered with the Securities and Exchange Commission.
Both Albright and PGGM claimed integrating global citizenship, good corporate governance, socially responsible policies, and transparency into a comprehensive emerging markets investment programme would would improve results.
The Albright Group was founded in 2001 by Secretary Albright and former senior US state department officials Ambassador Wendy Sherman, James O’Brien, and Suzanne George.
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