Mergers & Acquisitions / Joint Ventures

PGGM sets standards


PGGM, one of Europe’s leading hedge fund investors with $122 billion, has selected Lyxor Asset Management to run its new dedicated managed account platform, in a mandate thought to be worth around $2 billion. PGGM has set a new standard for institutional investments in hedge funds by launching its own dedicated managed account platform for hedge fund investments, according to a release on its website.

The selection of Paris-based Lyxor Asset Management follows what is believed to have been a fiercely competitive tender process, with the biggest industry, thought to have included Amundi, Man and Innocap competing.