Axa Investment Managers has been selected by the pension scheme of Dutch retailer, Ahold, to run a fiduciary mandate, Financial News reports. Axa will manage the €2.5 billion mandate for the Ahold Pensioenfonds. Axa will offer advice on the fund’s strategic asset allocation, provide services related to portfolio and risk management and fund manager selection. It will also advise the scheme on the management of its liabilities.
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