The Dutch pension fund for the wholesale of building and construction material – Stichting Bedrijfstakpensioenfonds voor de Handel in Bouwmaterialen (HiBiN) – has appointed Northern Trust to provide tailored investment oversight solutions for the fund’s EUR550m (USD740m) investment portfolio.
“Since the financial crisis we continue to see an increasing demand from institutional investors for solutions to support their requirements for heightened levels of governance and transparency, whilst still maximising opportunities for return,” says Penelope Biggs, head of the institutional investor group, Europe, Middle East and Africa at Northern Trust. “Through our tailored investment oversight service, we support pension funds by providing expertise and an independent perspective on investment strategies, asset managers and portfolio construction.”
Northern Trust’s investment oversight solution – a component of its institutional governance services product suite – analyses quantitative data across performance, risk, manager skill and ratio analysis. It also ranks managers across various strategies and areas of expertise and evaluates them against chosen benchmarks and peers.
“Northern Trust’s solution enables us to ensure we receive the best possible investment management service from our managers,” says Rob Braaksma, managing partner at HiBiN. “By having independent oversight from Northern Trust, away from the implementation of fiduciary management, we are better in control of our investments. The solution offers heightened levels of governance and transparency.”