Russell wins e80m Dutch pension fund mandate
NETHERLANDS – The pension fund of international Dutch operating industrial and technology company, Stork, has appointed Frank Russell Company to manage an approximate €80m world-wide equity mandate for its €1.5bn pension fund.
The win, awarded by Stichting Pensioensfonds Stork, brings the total value of mandates won by Russell from Dutch pension funds thus far this year to over €200m.
In July, the firm announced that it had picked up a mandate from Stichting Pensioenfonds ARCADIS Nederland worth some €70m.
The pension fund of Origin also awarded Russell a global equities mandate worth €30m.