Sector medium Financial News nominated PGGM for its substantial cost reduction achieved by the execution of establishing their own dedicated managed account platform for hedge fund investments. This year PGGM shares the award with joint winner The Welcome Trust.
Other nominees for the most pioneering award were Axa Investment Managers, Hermes BPK and Tesco Pension Trustees.
Jan Soerensen, Head of Hedge Funds for PGGM: “We are very proud to win this prestigious award for the second consecutive year. The transition we made from external fund of hedge funds to our own fully established managed account platform is a profitable leap in the interest of our institutional clients. It results in significant cost reductions and improvement of insight and control over our hedge fund investments.”
PGGM is a leading Dutch pension fund service provider offering pension management, integrated asset management, management support and policy advice to its institutional clients. PGGM currently works on behalf of six pension funds, managing over €120 billion of pension assets of 2.5 million people. As a cooperative organisation, PGGM helps its over 570,000 members to secure a valuable future. PGGM works independently or with strategic partners to develop innovative future benefit solutions combining pensions, care, accommodation and employment.