Institutional Investors

PGGM goes ahead with managed accounts

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Dutch pension fund PGGM is understood to be pushing ahead with plans to appoint a managed account platform to handle an investment programme of up to $2 billion. The due diligence process involved is thought to be one of the most thorough ever seen in the managed account industry, with an RFP containing over 400 probing questions.

Fees are thought to be very stringent, as would be expected for an allocation of this size. Most of the obvious candidates are thought to be pitching, including Man Group, Lyxor Asset Management, Amundi Alternative Investments, Innocap Investment Management and Deutsche