Dutch Pension Funds Shift Away from BlackRock Amid Sustainability Concerns
TL;DR Summary
AQR Capital Management lost a €4 billion ($4.7 billion) mandate from Dutch pension fund PFZW as the fund shifts towards a more sustainable investment strategy, reflecting a broader move among European pension funds to prioritize ESG considerations and reduce reliance on traditional money managers like BlackRock and Legal & General.
- Hedge Fund AQR Loses $4.7 Billion Dutch Pension Fund Mandate Bloomberg.com
- Top pension fund pulls €14bn from BlackRock in sustainability pivot Financial Times
- Dutch fund PFZW reduces BlackRock ties over clash on sustainability Reuters
- BlackRock, LGIM Lose $34 Billion in Mandates from Dutch Pension Fund’s Shift to Sustainability-Focused Investment Policy ESG Today
- BlackRock Loses $17 Billion Mandate at Dutch Pension Fund Yahoo Finance
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