Stichting Pensioenfonds awards F&C Investments LDI mandate

Signing dealDutch pension fund Stichting Pensioenfonds Coop has awarded F&C Investments a contract to manage its liability-matching portfolio.

The mandate involves allocations to F&C’s liability-driven investment (LDI) pool and includes the management of collateral, as well as monitoring of counterparties.

Jacqueline Bergervoet, chairwoman of the investment committee at the fund, which is the pension scheme for the Coop supermarket chain, says: "After a competitive pitch process, we decided F&C is the right partner for us. The F&C LDI funds have a clear and transparent structure designed to accurately match the duration of our liabilities.”

Ben Kramer, executive director in the Netherlands for F&C Investments, says: "Having a strategic hedging policy is critical for a pension scheme to meet the future funding requirements of its members.”

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