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Civil service pension fund switches asset managers

Friday 30 July 2010

JP Morgan, Blue Bay and Stone Harbour have been dropped as asset managers by civil service pension fund ABP, the Financieele Dagblad reports on Friday.

The paper says the fund, one of the biggest pension funds in the world with €220bn under management, has replaced them with UBS, Legg Mason and GMO.

ING is the only Dutch asset manager on the fund's list of 20.

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