PGGM in management overhaul

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NETHERLANDS - The e71.5bn PGGM pension fund for Dutch social and healthcare workers is undertaking a radical overhaul of its investment management structure, abandoning conventional investment organisation based on asset classes.

Under the shake-up, PGGM will appoint Leo Lueb, director of equities since November last year, as its new chief investment officer (CIO). In addition, the fund will “explicitly separate as well as ...

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