NETHERLANDS - The €246m (US$355.6m) Dutch oil company pension fund Stichting Total Pensioenfonds sold its entire commodities portfolio earlier this year to capitalise on the profits it generated, chief investment officer Antoine Dellaert has revealed to MandateWire.
The scheme decided to sell its commodities portfolio, which was managed by JP Morgan Fleming Asset Management, after a steady rise in value. "We made so much profit that we were happy with it," Antoine...
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.