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By Tjibbe Hoekstra2021-05-04T15:56:00+01:00
Dutch civil service scheme ABP has seen its investment management costs rise above €3bn for the first time. An increase in performance fee payments accounted for the bulk of the rise.
Performance fees, which were mainly paid to private equity and hedge fund managers, rose by a third to €1.5bn in 2020. This means performance fees accounted for approximately half of all investment management costs at the €499bn pension fund.
The bulk of the performance fees (€936m) were paid to private equity managers. Private equity was by far the best performing asset class for ABP last year, returning 21%.
NetherlandsDutchGerard-van-olphenDutch-climateநெதர்லாந்துடச்சுடச்சு-காலநிலை