The main business of Principal Global Investors, a US asset management company with headquarters in Des Moines, is pension funds. Principal manages the assets of 10 of the 25 largest pension funds in the US and more than two thirds of its $180bn (€134bn) assets under management belong to pension funds. This has shaped its business approach, says Nick Lyster, who took over as chief executive of Principal's European arm in London-based European operations, ...
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