NETHERLANDS – TKP Investments BV, a subsidiary of the Dutch life insurer giant Aegon, is to manage the assets of the €13m Stichting Pensioenfonds Brunner Mond.
TKP Investments is a wholly owned subsidiary of TKP Pensioen, which is part of the Aegon stable. Brunner Mond, which is based in the north of the Netherlands, is one of Europe’s largest soda producers. Its pension fund has around 150 members and pensioners.
The Brunner Mond fund participates in two investment funds run by TKP Investments: the World Equity Fund, in which the dollar risk is hedged, and the Fixed Income Fund.
Ben Roosjen, human resources manager at Brunner Mond, said the choice of TKP was made “not only on practical aspects such as the investment process, fees and performance. We chose TKP Investments also because of its roots in the pension market. We believe, therrefore, that TKP will look after our pension funds as carefully as it looks after its own.”
Jan Willem Baan, investments director at TKP Investments , said: “We were formed out of the TPG and KPN pension funds, so we have a good idea of what matters to our pension fund clients. The fact that Brunner Mond has entrusted the whole of its asset management to TKP Investments is very important to us. We shall demonstrate that we are more than worthy of that trust.”
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