NETHERLANDS - Erik Rubingh has been promoted to new manager for global quantitative equity strategies at the investment arm of giant Dutch pension fund ABP.

Succeeding Pranay Gupta, Rubingh previously worked as portfolio manager, also within ABP Investments, which is responsible for the investment of the fund's €201bn assets under management.

Rubingh has been with ABP since October 2001. He takes over from Gupta, who became the latest figure from ABP to join the Pearl Group earlier this year.

Prior to joining ABP in 2002, Gupta positions included global quantitative strategist and chief investment strategist for Hong Kong-based SG Cowen, and the head of quantitative research for JP Morgan Fleming Investment Management in New York.

Last week ABP reported a third-quarter return of almost 3%.