The manager of Luxembourg’s state pension scheme has appointed ING Investment Management Europe to a €400 million global equity mandate.
ING IM will manage the mandate using its sustainable equity strategy against the MSCI World Total Return index.
The lead portfolio manager will be Hendrik-Jan Boer.
The Fonds de compensation commun au régime general de pension – or FDC - is the state-owned institution, which manages the financial reserves of the state pension scheme. At the end of 2011, it had €10.5 billion of assets under management.
The FDC currently has a 30% exposure to equity with 25% coming from global and the other 5% from emerging markets.
©2012 funds europe