NETHERLANDS - The €545m (US$769m) Stichting Pensioenfonds Siemens has raised the prospect of joining the €18.7bn industry-wide pension fund PME, but deliberations stalled when the fund's coverage ratio fell to 90%, MandateWire reported. In the meantime, State Street Global Advisors and Dimensional Fund Advisers have been appointed to handle new equities briefs.
The scheme considered joining the Bedrijfstakpensioenfonds voor de Metalelektro (PME) following an investigation into different strategic options last year. However the potential union had to be...
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