NETHERLANDS - The three major Dutch pension funds PGGM, ABP and PME all posted negative returns in the second quarter of 2006, however all increased their cover ratios by small margins.
PGGM posted a negative return of -0.8%, down from 3.5% in Q1, or 2.6% adjusted to balance sheet risk. Assets under management rose slightly at PGGM to e74.5bn in the second quarter of 2006, from 74.4bn...
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.