The Dutch Pensioenfonds Medewerkers Apotheken (PMA) for pharmacist employees is outsourcing most of its investment portfolio using a multi-manager approach.
The move is in response to an asset and liability study which resulted in an asset-mix of 50% equity, 10% real estate, and 40% bonds. The NGL1.6bn fund, based in The Hague, will still be managin...
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