Searches and Hires

German pension fund for doctors picks Deutsche to manage real estate portfolio

Bayerische Arzteversorgung, Munich, hired Deutsche Asset Management to manage a €1 billion ($1.2 billion) global property portfolio, a spokeswoman at Bayerische Versorgungskammer said in an email.

Deutsche Asset Management will provide investment management and transaction services, the spokeswoman said, but declined to provide further details on the hire. The portfolio consists of 16 properties across Europe and the U.S.

BVK is the €70 billion umbrella pension fund for self-employed professionals, including for doctors covered by the €21 billion Bayerische Ärzteversorgung.