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Investment & Pensions Europe (IPE.com) reports today that the institutional assets under management of Dutch asset managers increased by 8.4% in 2011, to more than €696bn ($873bn). This was one of the finding of IPE’s Top 400 Asset Managers 2012 survey.
APG, the pensions provider of the €261bn civil service pension fund ABP, attributed the growth of its assets from €271bn to €284bn ($356bn) last year mainly to returns on investments, says IPE. Around €2bn came from APG clients, €1bn ($1.25bn) from the merger of pension funds Volker Wessels with BpfBouw. APG announced it will no longer take in separate mandates for individual clients. The Fund is also reportedly interested in concluding asset management contracts with four exclusive clients whose combined assets would amount to more than €11bn.
Almost all Dutch asset managers reported an increase over the period, notes IPE, with Kempen Capital Management seeing a 36.6% rise to €15.7bn; SNS Asset Management entered the market with €5bn of managed assets; PGGM said the returns on investment for its six clients drove the €12bn increase in its managed assets; and Syntrus Achmea Asset Management also attributed the nearly 15% growth in his company's AUM (...................... To view our full article Click here
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