NETHERLANDS – Multi-manager investment firm, the Frank Russell Company, has picked up three new mandates from Dutch pension funds this year.
Stichting Pensioenfonds ARCADIS Nederland has awarded them a global balanced mandate worth some €70m, Pensioenfonds Origin, has awarded a global equities mandate worth €30m, whilst an unnamed pension fund has awarded a €20m Japanese equity mandate.
The total number of new mandates won by Frank Russell this year is now 11 and is worth over €1.4bn.
In addition to the fund mandate, Stichting Pensioenfonds ARCADIS along with several other Dutch pension funds, has also commissioned Frank Russell to provide transition management services.
Johan Cras of Frank Russell in the Netherlands says : “These three wins strongly support our belief that Russell’s multi-manager funds will play a key role in the portfolios of pension funds looking for a more specialised approach.”