NETHERLANDS - The EUR16bn Bedrijfstakpensioenfonds Metalektro (PME), which made a 5% allocation to commodities last year, says it is "disappointed" with the returns from the asset class.
A fund spokesman said: “In 2004, commodities returned 7.4%, but we are quite disappointed with this performance after we compared this with the returns of other pension funds who have commodities. “The...
US/NETHERLANDS - CB Richard Ellis (CBRE) has completed the acquisition of ING Real Estate Investment Management (ING REIM) Europe, marking the final stage of CBRE's absorption of ING's real estate business.
NETHERLANDS - ABN Amro predicts half of Dutch company pension funds will shift assets to insured schemes.
NETHERLANDS - Dropping interest rates knocked the coverage ratio for Pensioenfonds Zorg & Welzijn (PFZW) down to 91% and Stichting Pensioenfonds ABP's down to 90%.
NETHERLANDS - Dutch pension fund Stichting Pensioenfonds SABIC Innovative Plastics has appointed State Street Corporation to provide custody and other services for its €700m ($970m) in assets.
NETHERLANDS/US - Dutch pension fund APG and the US pension fund manager TIAA-CREF have joined forces to invest in five US shopping malls valued at $1.5bn.