Spoorweg Pensioenfonds, Utrecht, the Netherlands, plans to bring in-house the management of reportedly more than half of a 1.2 billion euro ($1.12 billion) U.S. equity portfolio handled by Barclays Global Investors.
The fund will manage the money to add value to the equity position, said Win Van Iersel, head of equities for the 10.35 billion euro plan. He would not specify the amount to be moved.
The fund already manages 25% of its total assets in-house, in European equities.
Officials at BGI would not comment.