NETHERLANDS - The €246m (US$355.6m) Dutch oil company pension fund Stichting Total Pensioenfonds sold its entire commodities portfolio earlier this year to capitalise on the profits it generated, chief investment officer Antoine Dellaert has revealed to MandateWire.
The scheme decided to sell its commodities portfolio, which was managed by JP Morgan Fleming Asset Management, after a steady rise in value. "We made so much profit that we were happy with it,"...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
