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IPE special report May 2018

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Fortis goes fiduciary for Atradius

NETHERLANDS - The €180m Dutch pension fund of credit insurance company Atradius has appointed Fortis Investments as its fiduciary manager.

Fortis made the announcement in a news release this morning, arguing the contract will combine Fortis' fiduciary management capabilities with a capital contract and insurance from Fortis ASR, an insurance subsidiary of the Belgian-Dutch firm.

Fortis ASR will also take care of the pension funds' administration, said the company.

Jack Sung, a member of the Atradius pension board, told IPE the fund has chosen for a fiduciary manager to optimise the fund's asset management.

With the mandate, the pension fund will move from a balanced mandate to a structure which encompasses a matching and a return portfolio.

The fund chose Fortis for its the liability-driven investment (LDI) funds, which will allow the fund to manage its duration-matching process more efficiently, said Sung.

Moreover, the Atradius will use funds, instead of segregated mandates, whereby Fortis will select external funds, added Sung.

The fund will also look at optimal alpha creation at the stock selection level, he continued.

If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com

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