Stichting Nedlloyd Pensioenfonds, Rotterdam, Netherlands, hired Neuberger Berman and Robeco Investment Management to manage a total of $70 million in U.S. large-cap equities, said Frans Dooren, investment manager at the pension fund.
Robeco will run $45 million in value, while Neuberger Berman will manage $25 million in growth, Mr. Dooren said.
Officials at the €1.2 billion ($1.5 billion) fund are replacing existing managers running similar strategies because of performance and improved risk management procedures by the fund. Mr. Dooren declined to name the existing managers.
Consultant bfinance assisted.