NETHERLANDS - Kempen Capital Management has raked in fiduciary management mandates worth €800m (US$1.1bn) from five different investors, the firm announced.
Stichting Pensioenfonds Boskalis hired the firm to manage its €250m portfolio. Zuidelijke Land- en Tuinbouworganisatie, an interest group for the food and agriculture business, hired Kempen to run a €100m portfolio.
The other three, unnamed clients are two pension funds and an insurance scheme, said Kempen. The firm said the mandates, worth a combined €450m, will be "finalised soon".
Kempen CEO Paul Gerla said: "We see a continuing interest for total solutions among institutional investors in the Netherlands. This has been supported by declining pension scheme funding ratios and consequently the obligated pension fund recovery plans."
Kempen has €4.5bn in fiduciary asset under management.
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