Dutch Pension Manager, Lyxor Unveil Transparent, SRI Hedge Fund Platform

Oct 28 2010 | 4:10am ET

Dutch pension fund manager PGGM has launched a socially-responsible hedge fund platform, to which it will direct all of its former fund of hedge funds investments.

PGGM has partners with Lyxor Asset Management on the platform, which will have between 20 and 60 manages initially. Lyxor will handle operations, technology and infrastructure.

The pension fund will invest in segregated managed accounts on the platform, which PGGM said would be “exclusive and private” for its clients. The pension manager said it would stop making allocation to funds of hedge funds.

PGGM said it would take about six months from when the platform goes live to switch out of funds of funds.

“This development fits within our strategy to have more direct control and oversight on investments as a leading responsible investor,” Jan Sörenson, head of hedge funds at the €91 billion pension, said. “Hedge funds have an attractive risk return but show little transparency as well. Now we can achieve full transparency.”


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...