NETHERLANDS – Blue Sky Group, which manages the pension assets of airline KLM, has awarded a 45 million-euro European small-cap mandate to Dimensional Fund Advisors.

“We can confirm that Blue Sky Group has awarded a 45 million-euro mandate to Dimensional,” said Blue Sky spokesman Rob van Kouwen. He declined to provide any further details.

“I’m delighted we have been appointed by such a well-respected European fund,” said Dimensional director Philip Nash. He added that Dimensional is “significantly expanding” its European small-company team.

“My belief is that European pension funds are trying to make their domestic equity component work much harder,” he added.

Earlier this month it emerged the Amstelveen-based Blue Sky would “actively explore” cooperation possibilities. It has 8.1 billion euros of assets under management.

Los Angeles-based Dimensional was formed in 1981 and has 55 billion dollars under management. In April it won a US small-cap equities mandate from Sweden’s AP1.