Corporate Moves
Dutch Pension ABP to Partner With Network Provider KPN on Tower Company Joint Venture
The duo will manage the joint venture’s telecommunications assets under TowerCo.
An OECD report details how rough last year was for global funds, although the U.S. was protected slightly by a strong dollar.
Dutch pension funds’ assets in Asia have declined by nearly 28 billion euros since the end of 2021.
The Netherlands and Denmark round out the top three for the second straight year.
US retirement systems ranked 16th out of 37 countries.
Push to join two public transit retirement programs fell through in 2016, but SPF recently restarted discussions.
Gerald Cartigny merged the fund’s asset management and fiduciary businesses, helped start its ESG investments.
Despite a Q1 comeback, ABP, PFZW officials are worried about low interest rates, future benefit reductions.