The Netherlands: Pensions Architects - Holland Financial Centre

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Total assets under management amount to approximately€ 1.7 billion.The participation in one or more of the sector portfolios isintended for Dutch pension funds. We have deliberately chosento be highly transparent in our strategy, processes, managementactivities, communication to the investment communityand reporting.Pension funds are free to allocate their investments at their owndiscretion in one or more of the sector portfolios. Joining, leavingand switching sectors is flexible and can be done quarterlyat competitive and low costs, without fee charges.The management organization has a strong alignment ofinterest with its shareholders because it is integrated with theportfolios. It delivers the performance at management costsof 33 basis points of the assets under management. Fromits inception, Altera Vastgoed has been one of the most costeffi cient real estate funds in the Netherlands. Property managementis outsourced.The performance is benchmarked against the IPD/ROZ sectorindex for standing investments on a rolling five year basis.The fund has a tax effi cient structure (fi scal investment institution)and has a core or low risk policy, which means that investmentsare being effected on a whole equity basis, without usingleverage and by excluding the risks of project development. Thismeans for pension funds that Altera has an indirect investmentstructure with the return-risk characteristics of direct real estate.Twenty seven Dutch pension funds participate as shareholder inAltera Vastgoed by the end of 2011. The fund has been awardedby Investment & Pensions Europe/ Real Estate in 2010 and 2011as “Best institutional investor in Benelux and France” and in2010 as “Best in-house investment team/best pension fundownedasset manager”.Drs. René Hogenboom MRICS, CEOrene.hogenboom@alteravastgoed.nlAPGGustav Mahlerplein 3, 1082 AM AmsterdamP.O. Box 75283, 1070 AG AmsterdamThe Netherlandswww.apg.nl42
APG, a financial services provider in the collective pensionmarket, provides pension fund administration, asset management,pension board management support and communicationservices to pension funds.For these pension funds and their 4.5 million active and retiredparticipants from the public and private sector, APG managespension assets of in total approximately € 271 billion (as atSeptember 2011). APG administrates over 30% of all collectivepensions in the Netherlands.APG offers, among other things:– integral asset management services (“insourcing” of clients’Chief Investment Offi cer), aimed at meeting the challengesof today’s pension funds, including a full ESG approach toasset management and state-of-the-art risk management,tailored to pension funds;– a full range of pension administration services, includinglegal and actuarial advisory services and (if required, online)communication services;– tailor-made and innovative client solutions, based on thepremise that adequate and affordable pension benefi tsshould be within reach of everybody, including cross-borderpension solutions;– a strong commitment to its clients, giving priority to itsclients’ interests fi rst, based on a sustainable and long-termrelationship, with no profi t maximization.We have offi ces worldwide: next to Amsterdam, Heerlen andUtrecht in the Netherlands, APG is located in Brussels, HongKong and New York.If you have any questions regarding APG or if you would liketo know more about the services that APG provides, you cancontact:Alwin Oerlemans, managing director Institutional ClientsT + 31 (0)20 604 9217alwin.oerlemans@apg.nlBas van Veen, managing director Institutional SalesT +31 (0)20 604 9218bas.van.veen@apg.nl43
Page 3: TheNetherlands:PensionsArchitectsEd
Page 6 and 7: 1 IntroductionThis is the story of
Page 9: Gateway: Schiphol Amsterdam Airport
Page 15 and 16: Table top 30 pensions funds in Euro
Page 17 and 18: PillarZeroFirstSecondThirdFourthExp
Page 19: There are also other longstanding t
Page 22 and 23: 4. Which aspects with respect to as
Page 24 and 25: To stimulate cross-border activity
Page 26 and 27: meet their objectives. These partie
Page 28 and 29: Characteristics of a PPIAble to adm
Page 30 and 31: Who is who1 Institutionsamsterdam i
Page 32 and 33: Mr. Hans Janssen Daalen, General Di
Page 34 and 35: - Permanent Education- Workshops- F
Page 36 and 37: Horsten 1, 5612 AX EindhovenP.O. Bo
Page 38 and 39: All-round and independentA&O combin
Page 40 and 41: We cater both to companies as well
Page 44 and 45: Contact Asset Management:Ronald Wui
Page 47 and 48: BlackRock is one of the world’s p
Page 49 and 50: BNP Paribas Investment Partners, th
Page 51 and 52: We also assist to manage risk via o
Page 53 and 54: pension schemes and risk management
Page 55 and 56: Dimensional Fund AdvisorsAmsterdam
Page 57 and 58: Our clients are pension funds, insu
Page 59 and 60: 2. manage this financial business s
Page 61 and 62: - Over 1060 employees in 20 offi ce
Page 63 and 64: IMQ Investment Management B.V. is t
Page 65 and 66: John Gout, Managing DirectorT +31 (
Page 67 and 68: and corporate finance. Kempen & Co
Page 69 and 70: MFS Investment Management - Collabo
Page 71 and 72: We are proud of our heritage and th
Page 73 and 74: Northern TrustWTC Amsterdam, H-Towe
Page 75 and 76: We handle the pension administratio
Page 77 and 78: Privium Fund ManagementHFC PlazaGus
Page 79 and 80: years of financial experience which
Page 81 and 82: For more information about SEI’s
Page 83 and 84: We have been meeting the needs of p
Page 85 and 86: Threadneedle is a global asset mana
Page 87 and 88: than 20 years track-record in the p
Page 89 and 90: A recognised practice in Amsterdam
Page 91 and 92: Clifford Chance in respect of pensi
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De Brauw Blackstone Westbroek N.V.
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The arrival of Professor Erik Lutje
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Introduction to Houthoff BurumaHout
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Linklaters LLPWTC AmsterdamZuidplei
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ClientsOur clients are active in va
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wide range of aspects of pensions,
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administration. Now, because of Act
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Our consultants help ensure your co
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in the Netherlands, Belgium, German
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Boston Consulting GroupGustav Mahle
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and in-sourced support the organiza
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The Financial Communication Practic
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Ellen Metaal, directorT +31 (0)30 2
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Jeroen Koopmans, Partnerjeroen.koop
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governance, board support, consulta
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1. PF Strategy - We re-assess PF st
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Towers WatsonProf. E.M. Meijerslaan
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- Pension insurance companies;- Pen
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their clients locally while drawing
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KPMGP.O. Box 74500, 1070 DB Amsterd
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Our experienced consultants can als
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We assist pension funds with explor
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De Brauw Blackstone Westbroek N.V.
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SSchroder Investment Management Ben
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The Netherlands: Pensions Architects - Holland Financial Centre

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