{"id":234645,"date":"2025-12-15T21:57:07","date_gmt":"2025-12-15T21:57:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/234645\/"},"modified":"2025-12-15T21:57:07","modified_gmt":"2025-12-15T21:57:07","slug":"blackrock-loses-5-9-billion-mandate-from-dutch-pension-pme","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/234645\/","title":{"rendered":"BlackRock Loses $5.9 Billion Mandate From Dutch Pension PME"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/0335248Z:NA\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">PME<\/a>, a Dutch pension fund <a href=\"https:\/\/www.pmepensioen.nl\/en\/news\/pme-to-increase-pensions-by-282-percent\" title=\"Link to Nov 2025 statement\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">overseeing<\/a> about $70 billion, has severed ties with <a href=\"https:\/\/www.bloomberg.com\/quote\/9903115D:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">BlackRock Inc.<\/a> based on an assessment that the world\u2019s largest money manager no longer acts in its best interests on issues such as climate risk.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">The decision means that BlackRock will no longer oversee a \u20ac5 billion ($5.9 billion) equity mandate, PME said by email. Instead, the portfolio is being transferred to <a href=\"https:\/\/www.bloomberg.com\/quote\/UBSG:SW\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">UBS Group AG<\/a> and <a href=\"https:\/\/www.mn.nl\/over-mn\/\" title=\"Link\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">MN<\/a>, an investment manager based in The Hague, PME said. A decision on how much each firm will manage will be made in the coming months, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"PME, a Dutch pension fund overseeing about $70 billion, has severed ties with BlackRock Inc. based on an&hellip;\n","protected":false},"author":2,"featured_media":234646,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[64325,79,18,1015,124760,10952,19,3442,17,124759,969,234,235,124758,11782,12468,112190],"class_list":{"0":"post-234645","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-blackrock-inc","9":"tag-business","10":"tag-eire","11":"tag-europe","12":"tag-fund-management","13":"tag-green","14":"tag-ie","15":"tag-investing","16":"tag-ireland","17":"tag-money-manager","18":"tag-new-york-city","19":"tag-personal-finance","20":"tag-personalfinance","21":"tag-pme","22":"tag-superannuation","23":"tag-the-hague","24":"tag-ubs-group-ag-reg"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115725824330568112","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/234645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=234645"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/234645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/234646"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=234645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=234645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=234645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}