NETHERALANDS - Delta Lloyd Asset Management says it has been awarded a 270 million-euro fixed income mandate by Xerox in the Netherlands.

“Delta Lloyd Asset Management has been awarded a 270 million-euro fixed income mandate by the Dutch Xerox Pension Funds,” the group said in a statement.

“This mandate will principally invest in euro-denominated government bonds.”

“We replaced someone there,” said Paul de Geus, Delta Lloyd’s institutional sales director, though he declined to disclose their name. He said Xerox was advised by consulting firm Deloitte.

Nils Van Heesen, pension fund director of the approximately 400 million-euro Stichting Flexibel Pensioen Xerox Amstelveen, was not immediately available for comment.

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