(Bloomberg) PGGM NV plans to expand infrastructure assets by about 3 billion euros ($3.3 billion) by the end of next year as the investor for Europe’s second-largest pension fund seeks more stable and higher returns to help better meet funding requirements. “We find it attractive to buy companies with relatively stable cash flow that can be on a balance sheet to cover our pension obligations for a longstanding period,” Eloy Lindeijer, head of investment management at Zeist, Netherlands-based PGGM, said in an interview last week.
Top European Pension Opts for Roads as Hedge Funds Left Behind
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