Ahold pension fund has awarded a €2.1billion fiduciary mandate to Axa Investment Managers, IPE reports. The French asset manager will offer strategic investment advice, along with portfolio and risk management and fund selection to the Dutch pension scheme of supermarket chain, Ahold.
Ahold’s consultant, Avida International, advised the retirement system in the search and selection process. Until recently, the Ahold pension fund managed a sizeable portion of its portfolio in-house.
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