PFZW Entrusts Robeco with $17.6 Billion Management Task

The Dutch pension fund, PFZW, has recently reallocated substantial equity mandates, formerly managed by BlackRock Inc. and AQR Capital Management, opting to forward this enormous responsibility to Robeco Institutional Asset Management.

The total value of the new agreements surpasses €15 billion, which equates to approximately $17.6 billion, according to a statement released by Robeco via email on Friday. This arrangement includes an €11.7 billion mandate for equities in addition to a €3.7 billion mandate for credits.

PGGM, the entity responsible for managing investments for PFZW and several other Dutch pension schemes, was instrumental in distributing these mandates.