Stichting Pensioenfonds Cultuur (SPC), the $424 million pension fund for Dutch arts and culture sector workers, has appointed PGGM as its fiduciary manager.
The move will see SPC receiving extensive advisory services from PGGM, as well as a focus on the plan's liabilities structure.
PGGM administers over $158 billion. The Dutch-based investor operates as an administrator and investment manager on behalf of the healthcare scheme PFZW and a number of other clients.
It is an innovative investor in hedge funds in its own right, and recently shifted its approach, announcing plans to liquidate its fund of hedge funds holdings