PGGM moves into new asset class

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NETHERLANDS - PGGM, the asset manager for health and welfare sector pension fund Pensioenfonds Zorg en Welzijn (PFZW), has entered into a risk sharing agreement with Standard Chartered Bank.

The transaction, called Shangren, will see PGGM providing credit protection at an 'equity' and 'mezzanine' level on a diversified portfolio of trade finance credit exposures. Raymond van Wersch,...

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