SBZ goes alternative
NETHERLANDS - Stichting Bedrijfstakpensioenfonds Zorgverzekeraars (SBZ), the €2.5bn Dutch multi-employer pension fund for the healthcare insurance sector, has overhauled its investment strategy with a foray into commodities, hedge funds, private equity and global tactical asset allocation.
The shake up is the culmination of the fund’s decision last year to appoint Russell as fiduciary manager for 93%, or €2.28bn of its assets. SBZ has invested in a combination of bespoke multi-manager portfolios...
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