Goldman Sachs Group Selected as Fiduciary Manager for Stichting Pensioenfonds Smurfit Kappa Nederland’s €800 Million Investment Portfolio
The Stichting Pensioenfonds Smurfit Kappa Nederland has chosen NN Investment Partners, a subsidiary of Goldman Sachs Group, as the fiduciary manager of their €800 million ($842 million) investment portfolio. This full service will include liability-driven investment services and was facilitated by an intensive search beginning in January 2021. The contract officially took effect on December 1 of that year. We are looking forward to working with Goldman Sachs, said Marco Kiewiet, director of Stichting Pensioenfonds Smurfit Kappa Nederland in the news release issued on Monday. Investment is our priority while also considering complex pension issues; we value close cooperation with asset managers.
Summary
- Stichting Pensioenfonds Smurfit Kappa Nederland, Heerlen, Netherlands, hired NN Investment Partners as fiduciary manager of its full €800 million ($842 million) investment portfolio.
- NN Investment Partners is a subsidiary of Goldman Sachs Group, which purchased the manager in 2021 from insurer NN Group.
- The pension fund values intensive cooperation with an asset manager that focuses on investments while at the same time considering complex pension issues.
What firm did Stichting Pensioenfonds Smurfit Kappa Nederland hire as its fiduciary manager of its investment portfolio?
Stichting Pensioenfonds Smurfit Kappa Nederland hired NN Investment Partners, a subsidiary of Goldman Sachs Group, as its fiduciary manager of its investment portfolio.You might also like this article: Die Rolle von Büroimmobilien Investments in Deutschland [2023]. Picture source: Alexei Maridashvili