Stichting Pensioenfonds ABP, Heerlen, Netherlands, hired Advanced Investment Technologies to run a U.S. large-cap equity mandate, said Michel Meijs, ABP spokesman. He would not give the size of the allocation but said the 150 billion euro ($131 billion) pension fund was "impressed by (AIT’s) investment approach, skills and performance results.”
AIT manages $120 million for "two to three clients, including ABP” in its U.S. large-cap equity strategy, said Barry Schneirov, managing director of marketing. AIT is part of the State Street Global Alliance, an investment manager incubator jointly owned by ABP and State Street Global Advisors.
