The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Janus Wins Spot on Privatized Dutch Pension System Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 22, 2004

Janus Wins Spot on Privatized Dutch Pension System

Reported by Sean Hanna, Editor in Chief

Janus has won a major mandate issued by the $7.7 billion Dutch pension system. The Denver-based fund firm said Wednesday that it won a spot in the Folkebørsen platform that will open to investors on January 3. The

The win is a significant milestone for the fund manager that earlier this year settled allegations that it had allowed a hedge fund to market-time its funds. Those allegations eventually led to the resignation of its CEO and the hiring of a new senior management team. That the Danish government selected Janus may signal other investors that it has put its troubles into the past.

The Folkebørsen is part of the Special Pension Savings Scheme (Særlig Pensionsopsparing) created by the Dutch government as part of a reform of its national pension system. The new system will allow 3.3 million Dutch citizens to hold individual accounts and decide how those accounts are invested. Under the current pension system the assets are invested by a government agency.

Janus will offer 12 Janus World Funds when the SPSS goes live in 2005. Those funds will compete for Dutch workers assets with about 200 other investment options on the platform. The dozen funds invest in a broad range of assets and are based on a series of Dublin-based mutual funds Janus International introduced in 1998. Each of the 12 JWF funds will be available in either a US dollar-denominated or a fully hedged euro share class, giving investors an initial choice of 24 investment options.

Managers had until last June to reply to the RFP issued by the Dutch government.

"We see great potential for our funds in Denmark as investors look for greater exposure to global and US markets," said Henrik Rox Hansen, Janus regional director for Northern Europe. "The US market, representing half the world’s stock market capitalization, is too big for Danish investors to ignore."  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use