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Money Management

Corestone gains independence from Robeco

Corestone Investment Managers completed a management buyout with parent company Robeco Group, a spokesman said.

The value of the transaction, which closed in September, was not disclosed. The buyout enables Corestone to pursue business opportunities in all market segments and areas, the firm said in a news release. Corestone was 100% owned by Robeco.

"More than 10 years of successful cooperation with Robeco allowed us to build the most desired fiduciary pension fund servicing platform in the Dutch market," Martin Mlynar, CEO and co-founder of Corestone, said in a news release. "We are now entering a new phase. On the one hand we are looking forward to continuing our successful strategic cooperation in responding to the shifting dynamics in the Dutch pension fund market. At the same time, we will start to leverage our highly experienced, skilled people, as well as our enabling process and tools, in offering our range of services in additional markets in Europe and beyond."

Corestone Investment Managers has €31 billion ($35.8 billion) in assets under management.