Stichting Bedrijfspensioenfonds Voor De Koopvaardij, the pension fund for the Dutch merchant marine, Amsterdam, hired Mn Services to manage the funds €3.2 billion ($5 billion) in assets, confirmed Mn Services spokesman Geert-Jan Cath. Mn Services will advise the fund on investment strategy and some operational functions. At this moment, we dont know yet whether the investment portfolio will change, Mr. Cath said. The transaction is scheduled to close within the next two months, after which we will see what to do with asset allocation. Executives of the merchant navy fund could not be reached by deadline.
Updated with clarification