Ambitious plan: TKP to double assets in 4 years, add hedge fund strategies; After acquisition by Aegon, group will offer its first stand-alone absolute-return funds.(World News)(TKP Pensioen )

Pensions & Investments, July, 2003

Byline: Beatrix Payne GRONINGEN, Netherlands - The e6 billion ($7 billion) TKP Pensioen expects to double its assets under management over the next four years and increase the number of alternative and hedge fund strategies it offers its clients, said Jan Willem Baan, TKP head of investments.

The Groningen-based pension administrator and manager of managers is completing a search for two to three U.S. market-neutral managers to run just less than 2% of plan assets, said Mr. Baan. This is the first time the group will offer stand-alone absolute return funds. Until now, it ran a small market-neutral strategy within its U.S. equity portfolios using three external managers, which will be retained to help run the new funds. He confirmed that Barclays Global...

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