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and employers from the healthcare and social work sectors. At the end of 2006, the governing board of what was then known as PGGM adopted a separation between its policy (structuring of pensions) and implementation (managing of assets and payment) functions. The pension fund (the foundation)
426:, translation: "Pension Fund for Health, Mental and Social Interests") changed its name to PFZW as part of a structuring that involved the separation of its asset management operations. PFZW currently uses the PGGM brand to market its asset management services.
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At the end of 2009, PFZW had 22,000 affiliated employers (employees are enrolled automatically), more than 1.9 million participants. The fund has an investment portfolio of over €110.7 billion and total annualized return
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248:. This separation, which took effect in January 2008, was taken in response to new legislation passed in the Netherlands that would limit PGGM’s ability to offer related
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375:, PFZW announced its decision to liquidate a portfolio of Russian investments that had been worth 1.2 billion euros ($ 1.31 billion) as of mid-February.
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272:. More broadly, PFZW stands in the top 5 of European pension funds and in the top 15 globally, based on both number of plan participants and
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355:(PTR). PGGM announced that it was making the decision because the Chinese operator is involved in human rights violations in the
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pension funds in the healthcare industry. In 1970, PGGM assumed responsibility for the pensions of employees throughout the
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continues to formulate pension policy, but was renamed
Stichting Pensioenfonds Zorg en Welzijn (PFZW), and a newly created
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collaborated with PGGM acquired the
Bishopsgate Long-term Property Fund Unit Trust for a fee of £370 million.
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PFZW's predecessor, PGGM, was founded in June 1969 through the combination of several smaller
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In the United States, as in Europe, PGGM is a major investor in financial markets including
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of their asset management businesses. The two pension funds coordinate their activities in
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PGGM manages the bulk of its investments in-house on behalf of PFZW. In 2006, PGGM and
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Stichting
Pensioenfonds voor de Gezondheid, Geestelijke en Maatschappelijke Belangen
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Based on assets, PFZW is the second largest pension fund in the
Netherlands, behind
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of €161.7 billion ($ 183 billion, 1EUR=1.13USD) and around $ 682.6 million revenue.
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sectors in the
Netherlands. In 1972, PGGM moved to its current headquarters in
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Second largest Dutch pension fund will sell all $ 1.3 bln in
Russian assets
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In 2008, PGGM announced that it would divest itself of its holding in the
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Major
European investment in BlueOrchard’s Microfinance Scheme by PGGM
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L&G, Dutch fund PGGM buy property fund unit trust for $ 562 mln
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Dutch
Pension Fund PGGM may withdraw China investment
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599:Investment management companies of the Netherlands
533:Dutch PGGM's pension fund Q4 hit by credit crisis
288:, another large Dutch pension fund, considered a
244:PGGM now manages the fund’s €161.7 billion of
90:Stichting Pensioenfonds Zorg en Welzijn (PFZW)
8:
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205:. As of 31 December 2014, PFZW had total
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515:Pensions muscle into hedge fund territory
77:Learn how and when to remove this message
527:Europe's largest pension funds by assets
40:This article includes a list of general
550:PetroChina Hit by Pension Fund Pressure
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191:Stichting Pensioenfonds Zorg en Welzijn
604:Companies based in Utrecht (province)
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265:) of 8.0% since 1970 (2007: 9.3%).
46:it lacks sufficient corresponding
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523:(Dow Jones Financial News, 2008)
373:2022 Russian invasion of Ukraine
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529:(DowJones Financial News, 2007)
495:Toby Sterling (4 March 2022),
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521:PGGM to offer full disclosure
303:In January 2015, a unit of
286:Stichting Pensioenfonds ABP
270:Stichting Pensioenfonds ABP
120:; 55 years ago
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437:"Kwartaalberichten | PFZW"
235:foundation, controlled by
517:(DowJones Financial News)
422:On 1 January 2008, PGGM (
351:-listed Chinese operator
168:€253.901 billion (2020)
274:assets under management
246:assets under management
207:assets under management
61:more precise citations.
391:investment activities
594:Public pension funds
578:PGGM&CO Website
371:In response to the
305:Legal & General
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385:AlpInvest Partners
298:AlpInvest Partners
250:financial services
183:AlpInvest Partners
179:One Rail Australia
155:Financial services
459:"PFZW | Over ons"
387:- manages PFZW's
256:Scope of the fund
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16:(Redirected from
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486:, 6 January 2015
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465:. Archived from
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174:Subsidiaries
163:Total assets
133:Headquarters
109:Pension fund
95:Company type
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463:www.pfzw.nl
441:www.pfzw.nl
333:hedge funds
329:commodities
325:real estate
280:Investments
242:cooperative
222:social work
218:health care
203:Netherlands
197:, formerly
141:Netherlands
59:introducing
588:Categories
396:References
359:region of
353:PetroChina
233:non-profit
193:(known as
99:Foundation
67:April 2009
42:references
535:(Reuters)
379:See also
296:through
290:spin-off
147:Products
105:Industry
502:Reuters
484:Reuters
181:(51%),
151:Pension
123: (
115:Founded
55:improve
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367:Russia
357:Darfur
44:, but
609:Zeist
361:Sudan
343:China
226:Zeist
214:Dutch
137:Zeist
349:NYSE
335:and
220:and
199:PGGM
195:PFZW
125:1969
118:1969
18:PGGM
263:IRR
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